What is the coverage of Vanguard SIPCs for cryptocurrencies?

3 answers

• Toneop healthAug 30, 2021 · 4 years ago
  Vanguard SIPCs do not provide coverage for cryptocurrencies. SIPCs are designed to protect investors in the event of the failure of a brokerage firm, but they do not extend their coverage to digital assets like cryptocurrencies. Therefore, if you hold cryptocurrencies with Vanguard, they will not be protected by SIPCs.
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• Godwin McKenzieApr 04, 2024 · a year ago
  Unfortunately, Vanguard SIPCs do not cover cryptocurrencies. SIPCs primarily protect investors in traditional securities, such as stocks and bonds. As cryptocurrencies are considered to be a separate asset class, they fall outside the scope of SIPCs coverage. It's important to keep this in mind when considering the risks associated with investing in cryptocurrencies.
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• Gaarde BilleApr 11, 2023 · 2 years ago
  While Vanguard SIPCs provide coverage for traditional securities, they do not extend their protection to cryptocurrencies. However, it's worth noting that there are other custodial services and insurance options available in the cryptocurrency industry that offer coverage for digital assets. It's always a good idea to research and choose a reputable custodian or exchange that provides adequate protection for your cryptocurrencies.
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