Cryptocurrency Q&A
Is Newton crypto insured?
Is Newton crypto insured?
henry_harrison_philosopher
Sun Nov 10 2024
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6 answers
641
I'm considering using Newton for my cryptocurrency needs, but before I do, I want to make sure that my assets will be safe. Does Newton offer any kind of insurance for the cryptocurrencies held on their platform? I'd like to know if there's a guarantee in case of any losses.
6 answers
emma_anderson_scientist
Tue Nov 12 2024
Your Account's fiat currency and crypto assets are not covered by any insurance provided by us.
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GangnamGlamourQueen
Tue Nov 12 2024
Newton does not hold membership in the Canadian Investor Protection Fund (CIPF).
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Giuseppe
Tue Nov 12 2024
The crypto assets that Newton holds, either directly or indirectly through third parties, do not meet the criteria for CIPF protection.
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SsangyongSpiritedStrengthCourageBravery
Tue Nov 12 2024
This means that in the event of any issues, your crypto assets and fiat currency in your Newton Account may not be protected.
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VoyagerSoul
Mon Nov 11 2024
It is important to be aware of this risk when using Newton's services.
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