Are you looking for superior cryptocurrency protection? Then look no further than Coincover’s Deposit Protection Guarantee, backed by Lloyd's of London!
It's better than bank deposit protection for your cryptocurrency with up to $1M of Deposit Protection cover (10x what banks offer) for only $24 a year or $2 per month.
The Coincover Deposit Protection Guarantee for cryptocurrency protects customers when authorised Cryptocurrency services and firms fail, and they lose access to their cryptocurrency. The scheme ensures that customers will always be able to recover their funds in the event of lost access.
Coincover will recover the funds to a new wallet of the customers choosing.
In the event that a business with Coincover Deposit Protection Guarantee ceases operations due to business failure, catastrophic systems failure, or catastrophic data loss that results in its customers being permanently unable to access funds in their wallets, the Deposit Guarantee scheme will access and recover funds on their customers behalf.
In the event that a business with Coincover Deposit Protection Guarantee ceases operations as described above, Coincover will manage the recovery and movement of funds to another service provider or alternative wallet for any customer who can no longer access their wallets and funds.
Customers will be provided with the relevant contact details following the incident. For security purposes, recovery will only take place once the customer passes full ID verification checks and is confirmed as the wallet holder.
Businesses with Coincover Deposit Protection Guarantee will show on their website that they are protected by displaying the Coincover deposit protection logo. Customers can and should also check the status of the deposit protection guarantee at the Coincover website where the certificate of coverage will be stored for public viewing.
In the majority of cases where a business displays on site that its customers have Deposit Guarantee, the customer is protected automatically when they create an account and receive confirmation that their funds are protected by Coincover Deposit Protection Guarantee. If you are not sure or didn’t receive a confirmation, please always check with your provider.
Coincover is able to recover funds should a customer lose access to their wallet. In the case the customer loses access they should first contact the company they are doing business with and follow the fund recovery process.