What is the coverage limit of SIPIC insurance for digital currency holdings?

3 answers

• Ergys RamaOct 06, 2022 · 3 years ago
  The coverage limit of SIPIC insurance for digital currency holdings is $250,000 per customer. This means that if you hold digital currencies with a value of $250,000 or less and experience a loss or theft, SIPIC will reimburse you for the amount up to $250,000. It's important to note that this coverage limit applies per customer, not per account or per digital currency. So if you have multiple accounts or hold different types of digital currencies, the total coverage limit remains $250,000.
  495

  248
• kishorOct 20, 2023 · 2 years ago
  SIPIC insurance provides coverage for digital currency holdings up to $250,000 per customer. This means that if you hold digital currencies with a value of $250,000 or less and suffer a loss or theft, SIPIC will compensate you for the amount up to $250,000. It's a good idea to check with your digital currency exchange or broker to ensure that they are a member of SIPIC and that your holdings are eligible for this insurance coverage.
  436

  146
• Randa LamaliuApr 04, 2024 · a year ago
  As a third-party, I can confirm that the coverage limit of SIPIC insurance for digital currency holdings is $250,000 per customer. This means that if you hold digital currencies with a value of $250,000 or less and experience a loss or theft, SIPIC will reimburse you for the amount up to $250,000. It's always a good practice to verify the insurance coverage provided by your digital currency exchange or broker to ensure the safety of your holdings.
  451

  113