common-close-0
BYDFi
Trade wherever you are!

What are the coverage limits for Coinbase One insurance?

avatarLeonardo RezendeDec 25, 2021 · 3 years ago3 answers

Can you provide more details about the coverage limits for Coinbase One insurance? I would like to know the maximum amount of coverage provided and any specific conditions or exclusions that apply.

What are the coverage limits for Coinbase One insurance?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Sure! Coinbase One insurance provides coverage for digital assets held in Coinbase's hot wallet. The coverage limit is up to $255 million, which includes both cryptocurrency and cash holdings. However, it's important to note that this insurance only applies to assets held in Coinbase's hot wallet and does not cover assets held in their cold storage. Additionally, coverage may be subject to certain conditions and exclusions, so it's always a good idea to review the policy details for complete information.
  • avatarDec 25, 2021 · 3 years ago
    The coverage limits for Coinbase One insurance are quite impressive. With up to $255 million in coverage, it provides a significant level of protection for digital assets held in Coinbase's hot wallet. However, it's worth noting that this insurance does not cover assets held in cold storage, so if you have a large amount of cryptocurrency stored in cold storage, you may want to consider additional insurance options.
  • avatarDec 25, 2021 · 3 years ago
    As an expert in the industry, I can confirm that Coinbase One insurance offers coverage up to $255 million for digital assets held in their hot wallet. This insurance is designed to protect against losses due to hacking, theft, and employee fraud. However, it's important to understand that this coverage does not extend to assets held in cold storage. If you're concerned about the security of your cold storage holdings, it may be worth exploring other insurance options or implementing additional security measures.