How much does Coinbase's insurance policy cover in case of Bitcoin losses?

3 answers

• Megha NagarFeb 20, 2023 · 3 years ago
  Coinbase's insurance policy provides coverage for Bitcoin losses up to $250,000 per customer. This means that if you suffer a loss due to a security breach or other covered event, Coinbase will reimburse you for the value of the lost Bitcoins up to $250,000. It's important to note that this coverage only applies to losses that occur as a result of Coinbase's own security measures being compromised, and not to losses resulting from user error or external factors.
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• Kamper DalgaardJul 21, 2020 · 5 years ago
  If you're worried about the safety of your Bitcoins on Coinbase, you'll be glad to know that they have an insurance policy in place. In the event of Bitcoin losses, Coinbase's insurance policy covers up to $250,000 per customer. This means that if your Bitcoins are lost or stolen due to a security breach, Coinbase will reimburse you for the value of the lost coins up to $250,000. It's always a good idea to keep your Bitcoins in a secure wallet, but having the extra protection of Coinbase's insurance policy can provide peace of mind.
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• Antonio Domínguez RosalesJan 26, 2021 · 5 years ago
  When it comes to insurance coverage for Bitcoin losses, Coinbase has you covered. Their insurance policy offers protection up to $250,000 per customer in the event of a loss. This means that if your Bitcoins are lost or stolen due to a security breach, Coinbase will reimburse you for the value of the lost coins, up to a maximum of $250,000. It's important to remember that this coverage is specific to Coinbase and does not extend to other exchanges or wallets. So, if you're using a different platform, make sure to check their insurance policy for coverage details.
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