FDIC insurance only applies to US dollars sitting in Regulated Banks in the US.
Your Wallet of Satoshi is neither storing dollars, nor is the company a regulated bank. It is a startup out of Australia. You don't know the money is 'safe'. It could all shut down tomorrow, and you would have no recourse.
Take the time to learn about storing Bitcoin in offline, or cold wallets. Of course, the 'value' is never guaranteed, but the coins cannot move without the offline key. When we say "Cold Wallet Bitcoin" is safe, we mean that as long as the keys are not leaked, the coin cannot be moved or stolen.
FDIC insurance only applies to US dollars sitting in Regulated Banks in the US.
Your Wallet of Satoshi is neither storing dollars, nor is the company a regulated bank.
It is a startup out of Australia. You don't know the money is 'safe'. It could all shut down tomorrow, and you would have no recourse.
Take the time to learn about storing Bitcoin in offline, or cold wallets. Of course, the 'value' is never guaranteed, but the coins cannot move without the offline key.
When we say "Cold Wallet Bitcoin" is safe, we mean that as long as the keys are not leaked, the coin cannot be moved or stolen.