Coincover revealed that it has launched its market-leading crypto protection technology. The crypto protection technology is available to individual crypto wallet holders. The new technology gives protection against loss of access and theft. Coincover’s preventative technology is supported by an insurance policy placed with certain Underwriters at Lloyd’s of London.
Coincover's new service provides more security to new and existing individual crypto investors to participate in the digital currency market. Personal Cryptocurrency Protection from Coincover is a combination of technologies that safeguard and recover digital assets. To secure cryptocurrency users, their unique Hack Checker technology detects suspicious activity, such as fraudulent transactions across digital wallets, and analyses client activities.
Furthermore, Coincover disclosed that the most significant obstacle to the broad adoption of cryptocurrencies today is a lack of effective protection. This roadblock has hindered the spread of digital currencies, and Coincover is working to overcome it. Coincover's Personal Cryptocurrency Protection will give clients peace of mind and allow many more people to participate in the market.
Furthermore, its objective is to make cryptocurrencies secure to own and utilize for everyone. The market will not realize its full potential until there is a means to protect bitcoin assets and their investors. Coincover's Personal Cryptocurrency Protection is built on the same technology that Coincover employs to protect the digital assets of its 200+ corporate customers, which include several worldwide cryptocurrency exchanges and wallet providers.