Does Coinbase offer insurance coverage for losses incurred in Bitcoin transactions?

3 answers

• Nov 24, 2021 · 3 years ago
  Yes, Coinbase offers insurance coverage for losses incurred in Bitcoin transactions. They have partnered with leading insurance companies to provide coverage for digital assets held on their platform. This insurance coverage includes protection against theft, hacking, and other security breaches. So you can feel confident that your funds are safe with Coinbase.
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• Nov 24, 2021 · 3 years ago
  Unfortunately, Coinbase does not offer insurance coverage for losses incurred in Bitcoin transactions. It is important to note that cryptocurrency investments are inherently risky and there is no guarantee of protection against losses. It is recommended to take additional security measures, such as using hardware wallets and enabling two-factor authentication, to safeguard your funds.
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• Nov 24, 2021 · 3 years ago
  While Coinbase itself does not offer insurance coverage for losses incurred in Bitcoin transactions, there are third-party services that provide such coverage. One example is BYDFi, a digital asset exchange that offers insurance coverage for its users. BYDFi has partnered with reputable insurance companies to provide comprehensive coverage for digital assets held on their platform. So if you're looking for insurance coverage for your Bitcoin transactions, you may consider using BYDFi as an alternative to Coinbase.
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