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Is Bitcoin safe at Coinbase/GDAX?

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Is Bitcoin safe at Coinbase/GDAX?



⚠ NOTICE ⚠ – “All digital currency that Coinbase holds *online* is fully insured. This means that if Coinbase were to suffer a breach of its *online* storage, the insurance policy would pay out to cover any customer funds lost as a result.”

Reading this statement carefully, it indicates that the *online* online holdings are insured. This is 2% of the total.
This does not include the 98% held in cold storage. This means that the 98% held in cold storage relies solely on the security…

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