Cryptocurrency Q&A Is Gemini coin insured?

Is Gemini coin insured?

WhisperWindLight WhisperWindLight Mon Oct 28 2024 | 5 answers 582
I'm considering investing in Gemini coin, but before I do, I want to know if it's insured. I've heard of other cryptocurrencies being insured against loss or theft, so I'm wondering if the same applies to Gemini coin. Is Gemini coin insured?

5 answers

HallyuHeroine HallyuHeroine Wed Oct 30 2024
Cryptoasset transactions are not protected by the FSCS scheme.

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Elena Elena Tue Oct 29 2024
Despite this, Gemini provides insurance coverage for certain types of losses.

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Davide Davide Tue Oct 29 2024
This insurance applies to the crypto held on your behalf in Gemini's online hot wallet.

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mia_anderson_painter mia_anderson_painter Tue Oct 29 2024
The insurance coverage is subject to certain limitations.

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Caterina Caterina Tue Oct 29 2024
Gemini is committed to ensuring the security of your crypto assets.

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