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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.
Get your double store of value in a Cold Storage Coin that secures Cryptocurrency and has value as a precious metal. Available in 1 oz Copper, 1 oz Silver, 1 oz Gold for Bitcoin, Bitcoin Cash, Litecoin, Dash and Ethereum.
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)