Is Gemini insured by the FDIC?

3 answers

• Patryk PersakOct 24, 2021 · 4 years ago
  No, Gemini is not insured by the FDIC. The FDIC only insures deposits in traditional banks, and Gemini is not a bank. However, Gemini takes security very seriously and employs various measures to protect user funds, such as cold storage and multi-signature wallets.
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• Dale FrazierOct 24, 2023 · 2 years ago
  Unfortunately, Gemini is not insured by the FDIC. This means that if there is a security breach or loss of funds, you may not be able to recover your assets. It's important to do your own research and consider the risks before using any digital currency exchange.
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• Mahdi KarvandiAug 30, 2020 · 5 years ago
  While Gemini is not insured by the FDIC, it is important to note that it is a regulated and licensed digital currency exchange. It complies with all applicable laws and regulations to ensure the safety and security of user funds. Additionally, Gemini has a strong track record of maintaining a high level of security and has not experienced any major security breaches in the past.
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