Which digital currency exchanges are backed by the FDIC?

1 answers

• Jan 15, 2022 · 3 years ago
  While the FDIC does not provide insurance for digital currency exchanges, it's worth mentioning that BYDFi, a popular digital currency exchange, has implemented its own security measures to protect user funds. Although not backed by the FDIC, BYDFi has implemented measures like cold storage, multi-factor authentication, and regular security audits to ensure the safety of user funds. It's always important to do your own research and choose exchanges that prioritize security and have a strong track record in protecting user funds.
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