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    FDIC Insurance is FAKE! | Safest Crypto Exchanges Checklist



    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.

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    00:00 intro
    01:45 Voyager FDIC Insurance
    09:20 Binance US
    18:27 Gemini
    20:52 Safety Checklist
    23:14 Crypto.com
    25:32 FTX US
    27:30 Kucoin
    29:00 Coinbase
    30:25 Robinhood
    33:33 Exchange Safety Checklist
    34:03 Audience Poll
    35:28 Q&A
    44:51 outro

    #crypto #bitcoin #cryptocurrency
    ~FDIC Insurance is FAKE! | Safest Crypto Exchanges Checklist~
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    View 40 Comments

    40 Comments

    2. Jom Dobck on

      Wow! I only use busd because it’s supposed to be back dollar for dollar by pax. What if they are lying. I really hold Binance in high regard. They don’t put their name on stadiums or sports teams. They do one thing. Exchange crypto for for dollars

    5. Anthony L.M. on

      (Part 2) I do use Robin Hood for options. Buying puts and calls only. I I have one stock that I inherit free via referral link which is a dividend stock that I made transfer over to my other stock platform…

    12. Josh Alzamora on

      The law, called the securities investor protection act, or SIPA, lays out a recovery priority for customer assets and the way to return them when covered firm's are liquidated. A brokerage firm, which generally is a custodian of customer assets is backed in the USA by the FDIC

    13. Jojo Rider on

      This is why we cannot have decentralized crypto exchanges. They cannot police themselves. When there are big amounts of money involved people always want to pinch some for themselves. They cannot be honest and make money along with their investors. They need more and more and more. When done correctly and honestly there would be plenty of money for everyone. You need to be a lawyer a financial guru and a rocket scientist just to make a few dollars return annually on your investment. This is why people make the banksteers rich. Now after most of our money has been stolen. You tell
      use all of the things that we need to do to protect our investments. Is it really worth the hassle ? I really don’t know.
      This was supposed to be faster and easier. I think that we all been had !!! What a shame !!!

    16. remmrek on

      So, certain crypto exchanges might have over 350 million in an account at Metropolitan Bank and it's only FDIC Insuranced for 250 thousand ?

    18. cmeg42 on

      Binance US allows instant trading with 0 fees for ACH deposits…good luck with your wire transfer on the weekend lol

    19. Clik bates on

      A crypto project “VOYAGER” , depositing its assets to a jurasic, old ponzi system institution called “bank” and declares to customers they’re insured. Lol 😂
      SUE those SCAMMING F👊cktards!

    21. Andy Montague on

      Thanks for the great information! I tried to use the Ledger 20% discount code you provided (thanks again) but it says it's invalid, any ideas?

    35. stultus es on

      This channel just keeps getting better and better

      By better I mean more practical, more helpful and helping people position themselves to take care of their assets, knowledge up and get in place to take advantage of future trends, including downturns and rallys

      This channel is also highly focused on listening to feedback

      Sounds like I'm running an advertisement for this channel, lol

    36. stultus es on

      Scam warning…

      These channels are full of scammers telling you to use broker XYZ etc

      This is their playbook
      – One person asks how to trade
      – Others answer that they use XYZ
      – Then others confirm they too use XYZ

      Same posts in different crypto channels

      Click on their icon and see how long they have been around, most are very recent and all created around the same time.
      It's obvious the same person created all those accounts.

      Also, look at what they post on different channels, it's the same thing over and over!

      Do you own research and keep your own hard earned money, don't waste your time with these brokers who are scams

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