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What is the amount of insurance provided by Coinbase for Bitcoin losses?

avatarSai Nagendra KonakallaDec 27, 2021 · 3 years ago3 answers

Can you please provide more information on the amount of insurance coverage offered by Coinbase for potential Bitcoin losses? I would like to know the extent of protection provided by Coinbase in case of any unforeseen events or security breaches.

What is the amount of insurance provided by Coinbase for Bitcoin losses?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Coinbase offers insurance coverage for Bitcoin losses up to $250,000 per customer. This coverage applies to both offline (cold) storage and online (hot) storage of Bitcoin. It provides an additional layer of protection for users in case of theft, hacking, or other security incidents.
  • avatarDec 27, 2021 · 3 years ago
    The insurance coverage provided by Coinbase for Bitcoin losses is up to $250,000 per customer. This means that if your Bitcoin holdings on Coinbase are lost or stolen due to a security breach, you may be eligible for reimbursement up to the insured amount. It's important to note that this insurance coverage is subject to certain terms and conditions, so it's recommended to review Coinbase's insurance policy for more details.
  • avatarDec 27, 2021 · 3 years ago
    When it comes to insurance coverage for Bitcoin losses, Coinbase has partnered with a leading insurance company to provide coverage of up to $250,000 per customer. This insurance applies to both online and offline storage of Bitcoin, ensuring that users are protected in case of any unfortunate events. It's always a good idea to have an additional layer of security and protection when dealing with digital assets like Bitcoin.