September 15, 2022
  • September 15, 2022
  • Home
  • Cryptocurrency
  • Coincover launches protection for personal cryptocurrency wallets, makes cryptocurrency safer to hold and use

Coincover launches protection for personal cryptocurrency wallets, makes cryptocurrency safer to hold and use

By on February 21, 2022 0

World’s first consumer protection technology protects against theft and loss

CARDIFF, Wales–(BUSINESS WIRE)–
Coincover, a cryptocurrency protection provider, today announced that it has made its market-leading crypto protection technology available to individual crypto wallet holders. Providing protection against loss of access and theft, Coincover’s preventative technology is backed by an insurance policy underwritten by select Lloyd’s of London. With this new offering, Coincover makes access to the digital currency market safer for existing and new individual crypto investors.

This press release is multimedia. View the full press release here: https://www.businesswire.com/news/home/20220221005038/en/

Coincover offers the world’s only theft and loss protection technology for personal cryptocurrency wallets that is backed by Lloyd’s of London. (Photo: BusinessWire)

According to the latest news1hackers stole a record $14 billion in cryptocurrency in 2021 and crypto-related crime losses increased by 79% compared to 2020, due to an increase in thefts and scams.

Advertising

Coincover’s Personal Cryptocurrency Protection is a set of technologies that protect, secure and recover digital assets. Their proprietary Hack Checker technology identifies suspicious activity including unauthorized transactions on digital wallets and analyzes customer transactions to protect cryptocurrency users. The Seed Phrase Vault solution ensures individuals can recover access to funds in the event of a disaster, business failure, or loss of access.

The technology behind Coincover’s personal cryptocurrency protection is based on the same technology that Coincover uses to protect the digital assets of its more than 200 corporate clients, which include many global cryptocurrency exchanges and cryptocurrency providers. wallets. Last year, Coincover verified and validated more than $10 billion transaction value.

“Today, the biggest barrier to widespread adoption of cryptocurrencies is the lack of adequate protection. This barrier has slowed the adoption of digital currencies, and this is something we are addressing at Coincover,” said declared David Janczewski, CEO of Coincover. “Coincover’s personal cryptocurrency protection will provide peace of mind to our customers and enable many more people to enter the market. Our mission is to make cryptocurrency safe for everyone to own and use. Without a way to protect cryptocurrency assets and their investors, the market will not reach its full potential.

For more information on Coincover’s personal cryptocurrency protection, visit www.coincover.com.

About Coincover

Coincover’s proprietary technology helps prevent and protect against theft, fraud, and loss of crypto assets. The Coincover solution is backed by proprietary insurance coverage provided by select Lloyd’s of London to reassure and reassure customers. www.coincover.com

_________________

1 BNC News: https://www.nbcnews.com/tech/security/crypto-scammers-took-record-14-billion-2021-rcna11192

src=”https://cts.businesswire.com/ct/CT?id=bwnewssty=20220221005038r1sid=acqr8distro=nxlang=en” style=”width:0;height:0″ />

Julia Giona
[email protected]

+44 (0) 2920 001 220

Source: Coincover