Coincover Launches Protection for Personal Cryptocurrency Wallets, Makes Cryptocurrency Safer to Hold and Use

First shopper safety expertise protects in opposition to theft and loss

CARDIFF, Wales–(BUSINESS WIRE)–
Coincover, a supplier of safety for cryptocurrency, immediately introduced that it has made its market-leading crypto safety expertise accessible to individual crypto wallet holders. Offering safety in opposition to lack of entry and theft, Coincover’s preventative expertise is backed by an insurance coverage coverage positioned with sure Underwriters at Lloyd’s of London. With this new supply, Coincover is making it safer for current and new particular person crypto buyers to enter the digital forex market.

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Coincover offers the world’s only protection technology against theft and loss for personal cryptocurrency wallets that is backed by insurance from underwriters at Lloyd’s of London. (Photo: Business Wire)

Coincover provides the world’s solely safety expertise in opposition to theft and loss for private cryptocurrency wallets that’s backed by insurance coverage from underwriters at Lloyd’s of London. (Photograph: Enterprise Wire)

In response to current information¹, hackers stole a report $14 billion in cryptocurrency in 2021 and losses from crypto-related crime rose 79 % from 2020, because of a rise in theft and scams.

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Commercial

Coincover’s Private Cryptocurrency Safety is a set of applied sciences that defend, safe and get well digital belongings. Their proprietary Hack Checker expertise identifies suspicious exercise, which incorporates unauthorized transactions throughout digital wallets and analyzes buyer transactions to guard cryptocurrency customers. The Seed Phrase Vault resolution ensures people can get well entry to funds in case of catastrophe, enterprise failure, or lack of entry.

The expertise underpinning Coincover’s Private Cryptocurrency Safety is predicated on the identical expertise Coincover makes use of to guard its 200+ company prospects’ digital belongings, which embody many world cryptocurrency exchanges and pockets suppliers. Final 12 months, Coincover checked and validated over $10 billion price of transactions.

“Immediately, the most important barrier to the widespread adoption of cryptocurrencies is a scarcity of enough safety. This barrier has slowed the adoption of digital currencies, and is one thing we’re addressing at Coincover,” mentioned David Janczewski, CEO at Coincover. “Coincover’s Private Cryptocurrency Safety will present peace of thoughts for our prospects and allow many extra people to enter the market. Our mission is to make cryptocurrency protected for everybody to carry and use. With out a technique to defend cryptocurrency belongings and their buyers, the market won’t attain its full potential.”

For extra data concerning Coincover’s Private Cryptocurrency Safety, go to www.coincover.com.

About Coincover

Coincover’s proprietary expertise helps stop and defend in opposition to theft, fraud and lack of crypto belongings. The Coincover resolution is backed by unique insurance coverage protection offered by sure Underwriters at Lloyd’s of London to present prospects reassurance and peace of thoughts. www.coincover.com

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¹ NBC Information: https://www.nbcnews.com/tech/security/crypto-scammers-took-record-14-billion-2021-rcna11192

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Julia Giona
[email protected]

+44 (0) 2920 001 220

Supply: Coincover

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