Ripple CTO David Schwartz reveals hidden dangers of storing your crypto in popular exchanges like Coinbase
CTO David Schwartz, chimed in on the whole"where to keep your crypto" debate. While he did not outright diss platforms like Coinbase, he did remind everyone that if an exchange goes belly-up, your crypto might be going with it.explained that FDIC only protects your cash if the bank fails, not the exchange itself. Basically, if Coinbase goes bust and the bank does not have enough to cover everyone, you are out of luck.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
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