Are there any custodians that offer insurance coverage for digital currency holdings?

3 answers

• Hrithik PariharSep 27, 2020 · 5 years ago
  Absolutely! There are several custodians in the market that offer insurance coverage for digital currency holdings. One popular option is Coinbase Custody, which provides insurance coverage for up to $100 million of digital assets held in their custody. This can give you peace of mind knowing that your assets are protected in case of any unforeseen events. Other custodians such as BitGo and Gemini also offer insurance coverage for digital currency holdings, although the coverage amount may vary. It's always a good idea to do your own research and compare the insurance coverage and security measures offered by different custodians before making a decision.
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• MacKay HertzOct 04, 2021 · 4 years ago
  Yes, there are custodians that offer insurance coverage for digital currency holdings. It's important to note that the insurance coverage may vary depending on the custodian and the specific terms of the insurance policy. Some custodians may offer full coverage for digital assets held in their custody, while others may have certain limitations or exclusions. It's recommended to carefully review the insurance policy and consult with the custodian to understand the extent of coverage and any potential limitations. Additionally, it's always a good practice to diversify your holdings across multiple custodians to further mitigate any potential risks.
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• Luke VApr 23, 2023 · 2 years ago
  As a third-party custodian, BYDFi does not offer insurance coverage for digital currency holdings. However, there are custodians in the market that provide this service. Insurance coverage for digital currency holdings can be an important factor to consider when choosing a custodian, as it adds an extra layer of protection for your assets. Some custodians offer insurance coverage for up to a certain amount, while others may have more comprehensive coverage. It's recommended to research and compare different custodians to find the one that best meets your needs and provides the desired level of insurance coverage for your digital currency holdings.
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