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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.
Andreas Antonopoulos is a well respected speaker in the Cryptocurrency industry and many consider him the public face of the growing Cryptocurrency community. He has published 3 books (Mastering Bitcoin, The Internet of Money V1, The Internet of Money V2) and is currently working on his fourth book (Mastering Ethereum).
Check out his most recent YouTube post where Andreas talks Hardware Wallets and levels for securing Cryptocurrency. The one addition we would make to his advice is to replace the paper that is used to write your backup recovery seed with a form of metal engraving or punched metal letters (CryptoSteel) on Steel or Titanium. This allows permanency of your recovery seed and protects from water, fire, wind, accidental damage and/or the degradation of ink and paper over time.
*Extra bonus tip – You can use many Hardware Wallets as a cold storage option through your smartphone application with an extra cable. This allows you to use Cryptocurrency from your phone while still utilizing the extra security advantages of a hardware wallet.