Which digital asset exchanges provide insurance for customer funds?

3 answers

• Friis MichaelsenOct 16, 2021 · 4 years ago
  Sure! Several digital asset exchanges provide insurance for customer funds. One example is Binance, which offers a Secure Asset Fund for Users (SAFU) that provides insurance coverage for user funds. The SAFU fund is designed to protect users in case of security breaches or other unforeseen events. However, it's important to note that the insurance coverage may have limitations and may not cover all types of losses. It's always a good idea to review the terms and conditions of the insurance policy to understand the extent of coverage.
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• sunny NoorMar 17, 2021 · 4 years ago
  Yes, there are digital asset exchanges that offer insurance for customer funds. Coinbase is another example of an exchange that provides insurance coverage for digital assets held in their online storage. The insurance coverage is provided by a syndicate of Lloyd's of London and covers losses due to hacking, theft, and employee fraud. However, it's important to note that the insurance coverage may not apply to all types of losses and there may be limitations on the amount of coverage. It's advisable to review the insurance policy for more details.
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• Nita McclentonFeb 26, 2025 · 6 months ago
  BYDFi, a digital asset exchange, also provides insurance for customer funds. They have partnered with a reputable insurance company to offer coverage for user funds. The insurance policy covers losses due to hacking, theft, and other security breaches. However, it's important to note that the insurance coverage may have limitations and may not cover all types of losses. It's recommended to review the insurance policy for more information on the coverage and any exclusions that may apply.
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