How does the crypto insurance work?

Vast Bank crypto wallets are insured through Coinbase.

Vast Bank, N.A. crypto wallets are insured through a policy provided by Coinbase. To learn more about this insurance policy, visit https://custody.coinbase.com/faq

Cryptocurrency is not legal tender and is not backed by the government. Cryptocurrency, (including but not limited to tokens such as bitcoin, litecoin and ethereum, and stablecoins such as USDC), is not subject to Federal Deposit Insurance Corporation (“FDIC”) or Securities Investor Protection Corporation protections.