27 min listen
670. FDIC Insurance is FAKE! | Safest Crypto Exchanges Checklist
670. FDIC Insurance is FAKE! | Safest Crypto Exchanges Checklist
ratings:
Length:
45 minutes
Released:
Jul 5, 2022
Format:
Podcast episode
Description
Crypto exchange Voyager Digital recently announced the suspension of trading, deposits, and withdrawals due to difficult market conditions amid a deepening meltdown in the troubled cryptocurrency market. Although Voyager has long claimed your USD assets are FDIC insured, that may turn out to be incredibly misleading. Voyager customer funds held by Metropolitan Commercial Bank are insured by the FDIC, however, FDIC insurance coverage is available only to protect against the failure of Metropolitan Commercial Bank. This begs the question, which crypto exchanges currently offer true FDIC insurance for USD fiat cash in the event of a meltdown? We're breaking down the safety of U.S. crypto exchanges currently available including: Coinbase, Binance US, Robinhood, Kucoin, Gemini, and FTX US.~This episode is sponsored by Bybit~Receive up to a $4,450 Bonus upon depositing & signing up to Bybit.Join Now! - https://bit.ly/BybitPBNUse our link to get 20% off of your Ledger purchase:(limited-time offer) Link ➜ http://ledger.refr.cc/sirchriswhiteAlternate Link - Support our channel by using this link! ➜ https://bit.ly/PaulBarronLedger00:00 intro01:45 Voyager FDIC Insurance09:20 Binance US18:27 Gemini20:52 Safety Checklist23:14 Crypto.com25:32 FTX US27:30 Kucoin29:00 Coinbase30:25 Robinhood33:33 Exchange Safety Checklist34:03 Audience Poll35:28 Q&A44:51 outro#crypto #bitcoin #cryptocurrency ~FDIC Insurance is FAKE! | Safest Crypto Exchanges Checklist~⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺Become a Diamond Circle Member FREE! ➜ https://bit.ly/PBDiamondCircleSubscribe on YouTube ✅ https://bit.ly/PBNYoutubeSubscribeFacebook ? https://bit.ly/PBNfacebookTwitter ? http://bit.ly/PBNtwitterCrypto Power Index Beta Access ➜ https://bit.ly/CryptoPowerIndexLooking for the best tax havens for Crypto? Free Month with iTrust Capital - Use PROMO CODE - PAUL BARRON https://rebrand.ly/PAULBARRON
Released:
Jul 5, 2022
Format:
Podcast episode
Titles in the series (100)
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