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.

 

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.

Andreas Antonopoulos talks Hardware Wallets and security

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.

 

Many Cryptocurrency markets drop 15% or more in 24 hours

Many Cryptocurrency Markets, including Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ripple and others have dropped 15% or more in the past 24 hours.  Some seeing a dip of more than 20% today.  While this level of volatility may be extreme it is important to remember these markets are very new and have grown at a tremendous rate.  The Cryptocurrency market cap one year ago was approximately 16 Billion.  Today, after the dip, it sit over 500 Billion.  This dip was spurred by mounting years that the South Korean government may issue bans or tighten regulation on Cryptocurrencies.  This reaction is very similar to when China stopped Initial Coin Offerings and limited Exchanges in September 2017.  The cost per 1 Bitcoin, on September 1, 2017 was $4,700 and  dropped by 25% after the actions from China.  Within 3 months from this event, Bitcoin reached a new high that exceeded $19,000 per Bitcoin.  This represents a growth of more than 500%, post China ICO ban / Exchange regulation.

Do you view the dip as something to fear or a buying opportunity?

*Note – We are not financial advisors and do not provide financial consultation.  Please seek out professional financial advisors and complete your own research when making investment decisions.

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