Coincover

Summary:

Coincover, a cryptocurrency protection service, has made its market-leading crypto protection technology available to individual bitcoin wallet holders. Their preventive technology is backed by an insurance policy held with select Lloyd’s of London Underwriters. Coincover’s new service makes it easier for existing and new individual crypto investors to access the digital currency market.

Details:

Coincover, a cryptocurrency protection service, said today that it has made its market-leading crypto protection technology available to individual crypto wallet holders. Coincover’s preventive technology, which protects against loss of access and theft, is covered by an insurance policy lodged with specific Underwriters at Lloyd’s of London. Coincover’s new service makes it easier for existing and new individual crypto investors to access the digital currency market.

According to latest reports, hackers stole a whopping $14 billion in crypto in 2021, and losses from cryptocurrency-related crime increased 79 percent from 2020 to 2021 owing to an increase in theft and frauds. Personal Cryptocurrency Protection by Coincover is a combination of technologies that protect, safeguard, and recover digital assets. To secure cryptocurrency users, its unique Hack Checker technology detects suspicious behaviour, such as fraudulent transactions across digital wallets, and analyses client activities.

In the event of a tragedy, company collapse, or loss of access, the Seed Phrase Vault solution assures that people may regain access to cash. Coincover’s Personal Cryptocurrency Protection is built on the same technology that Coincover employs to secure the digital assets of its 200+ corporate clients, which include numerous worldwide cryptocurrency exchanges and wallet providers. Coincover reviewed and validated over $10 billion in transactions last year.

“Today, the most significant impediment to broad use of cryptocurrencies is a lack of effective safety.” This hurdle has hampered digital currency growth, and it is something Coincover is tackling,” said David Janczewski, CEO of Coincover. “Coincover’s Personal Cryptocurrency Protection will provide our consumers peace of mind and allow many more people to enter the industry.” Our objective is to make cryptocurrencies safe to store and utilise for everyone. The industry will not attain its full potential until there is a means to secure bitcoin assets and their investors.”

Credits: www.ffnews.com

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