You have no say in which method your cash is kept, but Coinbase says the money kept in bank accounts as cash is FDIC-insured up to the current maximum of $250,000 . Other security measures include 2-step authentication, biometric logins (like fingerprint and Face ID), and data encryption.
Read moreCan money be stolen from Coinbase?
Coinbase carries crime insurance that protects a portion of digital assets held across our storage systems against losses from theft , including cybersecurity breaches.
Read moreCan Coinbase take money from my bank account?
When you use a linked bank account to deposit funds to your Coinbase fiat wallet, or use it to purchase cryptocurrency, this type of transaction is not a wire transfer such that Coinbase receives the funds immediately . For security reasons, you will not be able to immediately withdraw or send crypto off of Coinbase.
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