Once releases credit and debit cards, direct deposits from my day job, and 7%+ interest on certain assets like $vgx, why wouldn’t I just make voyager my primary bank? Am I missing something here?
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I don’t think the funds are FDIC insured.
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USD held on Voyager is FDIC insured up to $250,000.
Does that apply if the funds are in coins, or does it only apply to your cash balance?
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From what others have said, it only applies to your USD balance.
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That’s just your cash balance though, not the interest-earning coins (even the ones pegged to the dollar).
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Only 250k? Is this for everything (crypto plus fiat) one person hold on the app or just for fiat?
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No, I think just for the cash. None of the crypto is insured. I mean, you always take a risk when you invest, but I’d worry about things like the crypto getting hacked. But I don’t think there really is insurance against that sort of thing yet as far as I know.
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