Coincover launches protection for personal crypto wallets

Coincover, a provider of protection for cryptocurrency, is making its crypto protection technology available to individual crypto wallet holders.

Coincover’s Personal Cryptocurrency Protection is based on the same technology Coincover uses to protect its 200+ corporate customers’ digital assets. The product, which offers coverage against loss of access and theft, is backed by an insurance policy placed with certain underwriters at Lloyd’s of London.

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, which includes unauthorized transactions across digital wallets, and analyzes customer transactions to protect cryptocurrency users. The Seed Phrase Vault solution “ensures individuals can recover access to funds in case of disaster, business failure, or loss of access.”

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

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