Is SoFi SIPC insurance available for all types of cryptocurrencies?

3 answers

• Hatim ErrattabJul 03, 2022 · 3 years ago
  Yes, SoFi SIPC insurance is available for all types of cryptocurrencies. It provides coverage for the digital assets held in your SoFi Invest account, including Bitcoin, Ethereum, Litecoin, and many others. This insurance protects against the loss of securities and cash in case of brokerage failure, up to $500,000, including $250,000 for cash claims. It's important to note that the coverage is provided by the Securities Investor Protection Corporation (SIPC) and not directly by SoFi.
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• Edward ElricDec 22, 2021 · 4 years ago
  Absolutely! SoFi SIPC insurance covers a wide range of cryptocurrencies, so you can rest assured that your digital assets are protected. Whether you own Bitcoin, Ripple, or any other popular cryptocurrency, SoFi has you covered. In the event of a brokerage failure, the SIPC insurance will compensate you for any losses, up to the coverage limits. It's a great feature that adds an extra layer of security to your investments.
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• SylwiaNov 08, 2020 · 5 years ago
  Yes, you can get SoFi SIPC insurance for all types of cryptocurrencies. SoFi is committed to providing a safe and secure platform for cryptocurrency investors. With SIPC insurance, your digital assets are protected in case of unforeseen circumstances. It's important to remember that SoFi is not the provider of the insurance, but rather the SIPC. SoFi partners with the SIPC to offer this coverage to its users, ensuring that their investments are safeguarded.
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