Can Coinbase insurance cover losses due to hacking or theft of digital currencies?

3 answers

• jin liDec 14, 2023 · 2 years ago
  Coinbase insurance offers coverage for losses due to hacking or theft of digital currencies. In the event of such incidents, Coinbase will reimburse the affected users for their lost funds. However, it's important to note that there are certain conditions and limitations to the coverage, so it's recommended to review the insurance policy for more details. It's always a good practice to take additional security measures to protect your digital assets.
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• ESRAA SOKAApr 26, 2024 · a year ago
  Yes, Coinbase insurance can cover losses caused by hacking or theft of digital currencies. This insurance is designed to provide an added layer of protection for Coinbase users in case of security breaches. In the unfortunate event of a hack or theft, Coinbase will work with the insurance provider to compensate the affected users. It's advisable to keep your account secure and enable two-factor authentication to minimize the risk of such incidents.
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• Jesus Z.Dec 31, 2020 · 5 years ago
  While Coinbase insurance does provide coverage for losses due to hacking or theft of digital currencies, it's important to understand the limitations of the coverage. The insurance policy may have certain exclusions or deductibles, so it's crucial to read the terms and conditions carefully. Additionally, it's recommended to follow best security practices, such as using strong passwords and enabling security features, to further protect your digital assets.
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