SafeStash Insurance service – beta testing

We are opening up a beta test for our new SafeStash Insurance service for Cryptoassets, up to 20 testers.  If we get more interest from testers we will create a wait list if we need to open up a second round of testers.  Open to US residents.

One of the biggest questions we get from customers who purchase hardware wallets and cold storage solutions is where they should store and how they should protect their storage devices.  Most store these in their home with limited physical security and no protection from weather, fire, water, etc.  Those with a growing collection of Cryptoassets have moved to storing devices in either a bank vault box or a private vaulting service but they are surprised to learn that most of these services do not carry or even offer insurance on what you store.

SDBIC and ProtectingCoin have partnered with the second largest financial services company, globally, for underwriting policies on cryptocurrency devices that are stored in bank vaults and select private vaults.  Note, you are not required to disclose what assets are held or quantities.

Here is the sign up for our beta test and we will even send a free gift for your valuable feedback.  We have an extensive FAQ (provided to testers initially) that should answer all of your questions but we hope to develop it further as we receive feedback.

https://protectingcoin.com/safestash-beta/

ProtectingCoin CryptoVault (Titanium Recovery Seed Storage)

ProtectingCoin CryptoVault is the ultimate in cold recovery seed storage for cryptocurrency.

CryptoVault is fire-proof, water-proof, rust-proof, wind-proof, electric-proof, EMP-proof, drop-proof, spilled coffee-proof, pet-proof, baby-proof, demon-proof and acid resistant.

Package includes:

  • 2 x CryptoVault Titanium plates
  • 2 x security screws
  • 1 x security tool
  • 2 x standard screws
  • 1 x serialized security seal cable (tamper-evident)
  • 4 x 8mm holes to fit most standard padlocks
  • 25 x slots to engrave or stamp your BIP39 recovery seed.

*Compatible with 12, 24 and 25 (Monero) recovery seeds. The 25th slot can also be used to enter a wallet identifier, passphrase hint, or any other information you chose.

*Compatible with Trezor, Ledger, Keepkey and any other wallets that use up to 25 recovery words.

 

The Magic of Mnemonic Seeds

An excellent explanation of how Mnemonic Seeds function by Andreas Antonopoulos.  The mnemonic seed is used to create a universal seed or backup of your wallet and used by many wallet manufactures.  It allows for a single seed (list of 12-24 common words from a defined list of 2048 words) to be used to restore access to your wallet if it is ever lost or defective.  The use of hierarchical deterministic wallets allows for a single mnemonic seed to represent a near unlimited quantity of keys.

Here is a full list of all 2048 potential words that can be used in a Mnemonic Seed.  The use of Mnemonic Seeds is covered in BIP39 (Bitcoin Improvement Proposal 39)

https://github.com/bitcoin/bips/blob/master/bip-0039/english.txt

 

ProtectingCoin.com releases Cryptocurrency consulting services

https://protectingcoin.com/product/consulting/

Do you need one-on-one assistance for you, your team or your business to walk through the proper use of cryptocurrency hardware wallets, cold storage and more?

Consulting services offered:

  • Hardware wallet configuration/use
  • Cold storage solutions and use
  • How to backup/restore wallets
  • Hot wallet configuration/use
  • Setting up an exchange account
  • Sending/receiving cryptocurrency
  • Add cryptocurrency payments to your business website
  • Setting up insurance polices for your hardware wallet
  • Gifting cryptocurrency

*Rates starting at $120/hour for one-on-one consulting at our offices in Douglasville, GA. (1 hour minimum, additional $10 per hour/attendee)

*Rates starting at $150/hour for on-on-one consulting at your location within 60 miles of Atlanta, GA (2 hour minimum, additional $10 per hour/attendee)

*Rates starting at $150/hour + travel expenses for on-on-one consulting at any location (2 hour minimum, additional $10 per hour/attendee)

Cold Storage Coins – expanding currency selection

We are very excited to announce that ProtectingCoin.com, authorized distributor of Cold Storage Coins, will be expanding our selection of currencies available in Cold Storage Coins.

We currently offer Bitcoin Cold Storage Coins and will be expanding to carry Bitcoin Cash, Litecoin, Dash, Ethereum and even more currencies will be coming soon.

Cold Storage Coins are an easy way to store cryptocurrency offline and make a great gift to introduce family, friends and colleagues to cryptocurrency.

Available in 1 oz Copper, Silver and Gold (special order).  This creates two unique stores of value; one in precious metals and another with an embedded cryptocurrency wallet.

Contact support@protectingcoin.com with any questions.  Now accepting orders for Bitcoin Cold Storage Coins with more currencies releasing soon.