We’re proud to publicly announce that Coinbase holds insurance against theft or loss of its bitcoin. We’ve been insured for almost a year, but given the recent claims of insurance in the industry, thought it was appropriate to tell our users about it. Our users, of course, won’t be charged for this insurance.
The Details
Coinbase is insured against theft and hacking in an amount that exceeds the average value of bitcoin we hold in online storage at any given time. The insurance covers losses due to breaches in physical or cyber security, accidental loss, and employee theft. …read more