How does FDIC insurance work for cryptocurrencies on Voyager?

5 answers

• Dec 17, 2021 · 3 years ago
  FDIC insurance for cryptocurrencies on Voyager works by providing coverage for eligible digital assets held in Voyager accounts. In the event of a security breach or loss, the FDIC insurance would kick in to reimburse users for their losses, up to the coverage limit. It's important to note that FDIC insurance only covers the digital assets held in Voyager accounts and not any losses due to market fluctuations or other factors.
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• Dec 17, 2021 · 3 years ago
  When it comes to FDIC insurance for cryptocurrencies on Voyager, it's important to understand that the insurance coverage is provided by a third-party custodian. This means that Voyager partners with a trusted custodian to securely store users' digital assets and ensure they are protected. In the event of a security breach or loss, the FDIC insurance would come into play to reimburse users for their losses, providing an added layer of protection and peace of mind.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, offers FDIC insurance for cryptocurrencies on Voyager. This means that your digital assets held in Voyager accounts are protected by FDIC insurance, just like traditional bank deposits. In the event of a security breach or loss, the FDIC insurance would cover eligible losses, up to the coverage limit. This provides users with an extra level of security and confidence when trading cryptocurrencies on Voyager.
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• Dec 17, 2021 · 3 years ago
  FDIC insurance for cryptocurrencies on Voyager is a great feature that provides peace of mind for users. In the event of a security breach or loss, the FDIC insurance would kick in to reimburse users for their losses, ensuring that their digital assets are protected. It's important to note that FDIC insurance only covers eligible losses and does not protect against losses due to market fluctuations or other factors. So while FDIC insurance provides an added layer of security, it's still important to exercise caution and take necessary precautions when trading cryptocurrencies on Voyager.
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• Dec 17, 2021 · 3 years ago
  When it comes to FDIC insurance for cryptocurrencies on Voyager, it's important to understand that the insurance coverage is provided by a trusted third-party. This means that Voyager has partnered with a reputable custodian to securely store users' digital assets and ensure they are protected. In the event of a security breach or loss, the FDIC insurance would come into play to reimburse users for their losses, providing an additional layer of protection and peace of mind.
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