Disclosure: This post contains affiliate links; we may earn a commission at no extra cost to you. The fee on the pricing page is almost never the fee you actually pay. Between maker/taker tiers, spread markup on “simple” buy screens, network withdrawal fees, and payment-method surcharges, two exchanges advertising similar headline rates can cost you […]
Disclosure: This post contains affiliate links; we may earn a commission at no extra cost to you. Crypto Exchange Insurance: Who’s Actually Insured? Bitcoin, Ether, and stablecoins held on a crypto exchange are generally not FDIC-insured. The exchange may carry a commercial crime or cybersecurity policy, but that policy belongs to the company and covers […]
FTX collapsed in November 2022 with an $8.9 billion hole in customer funds, and the mechanism was almost boring in hindsight: the exchange quietly funneled customer deposits to its affiliated trading firm, Alameda Research, and there was no independent way for a depositor to check that the coins showing up in their account actually existed […]