Cryptocurrency protection provider Coincover has announced that its technology can now be used by individual crypto wallet holders.

Coincover’s technology is backed by an insurance policy placed with certain underwriters operating at the Lloyd’s of London.

The new offering is aimed at making it safer for existing and new individual investors entering the digital currency space.

Coincover protects, secures and recovers digital assets using a set of digital technologies.

Its proprietary Hack Checker flags suspicious activities such as unauthorised transactions across digital wallets and analyses customer transactions.

Coincover’s Seed Phrase Vault solution helps with recovery in an event of a disaster, business failure or loss of access.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Coincover CEO David Janczewski said: “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.”

The technology provided to individual crypto wallet holders is based on the same technology Coincover uses to protect its corporate customers’ digital assets, such as cryptocurrency exchanges and wallet providers.

In 2021, it claims to have reviewed transactions worth $10bn.