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Is it possible to insure my digital assets on Charles Schwab?

avatarMichael WaveDec 16, 2021 · 3 years ago3 answers

I have digital assets that I want to insure, and I'm wondering if it's possible to do so on Charles Schwab. Can I get insurance coverage for my cryptocurrencies and other digital assets through Charles Schwab?

Is it possible to insure my digital assets on Charles Schwab?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Yes, it is possible to insure your digital assets on Charles Schwab. Charles Schwab offers insurance coverage for cryptocurrencies and other digital assets through their partner insurance providers. By opting for this insurance coverage, you can protect your digital assets against theft, hacking, and other risks. It's important to note that the terms and conditions of the insurance coverage may vary, so it's recommended to thoroughly review the policy before making a decision.
  • avatarDec 16, 2021 · 3 years ago
    Unfortunately, Charles Schwab does not currently offer insurance coverage specifically for digital assets. While they do provide insurance for traditional investment products, such as stocks and bonds, they have not extended this coverage to cryptocurrencies and other digital assets. If you're looking for insurance coverage for your digital assets, you may want to explore other options such as specialized cryptocurrency insurance providers or platforms that offer built-in insurance features.
  • avatarDec 16, 2021 · 3 years ago
    While Charles Schwab does not directly offer insurance coverage for digital assets, you can still insure your cryptocurrencies and other digital assets through third-party providers. One such provider is BYDFi, a digital asset exchange that offers insurance coverage for its users' digital assets. BYDFi works with reputable insurance companies to provide comprehensive coverage against various risks, including theft, hacking, and loss. It's worth considering BYDFi as an alternative if you're looking for insurance coverage for your digital assets.