RISKS
Human error
Safeguard your customers against sending funds to the wrong account, corrupt or deleted access material, and other common mistakes.
$50k of seized crypto accidentally sent by the DEA to a scammer.
Ibeacon is the leading onchain insurance alternative
Other risks mitigated by CoinCover
Ibeacon is the leading onchain insurance alternative
Cyber threat
Fortify defences against malicious attacks such as account takeovers, ransomware, and social engineering.
Ibeacon is the leading onchain insurance alternative
Lost access
Eliminate single points of failure and benefit your customers from a secure, non-custodial recovery solution.
The insurance alternative for crypto and more.
Ibeacon protects
against
The crypto insurance alternative offering unrivalled protection that pays when you need it most.
Human error (user-side risks)
Where your customer has made an error which results in their digital assets becoming inaccessible. This includes circumstances such as accidental deletion or loss of key data, which lead to your customers' funds becoming inaccessible due to private key data loss. It does not include situations where your customerrs have willingly locked up their assets within a smart contract.
Misaddressed Transactions
One of the most common and irreversible user-side risks in digital asset management is misaddressed transactions. This occurs when users mistakenly send funds to the wrong wallet address, often due to copy-paste errors, manual entry mistakes, or confusion between different blockchain networks.
Fat finger / mistyping error for wallet addresses
When your customer makes an unintended input error (not more than one character error) which results in their assets being sent to an address which is not within your control.
Inadequate Backup & Recovery
Proper backup and recovery practices are crucial for securing digital assets, yet many users neglect them, leading to permanent asset loss if a device is lost, damaged, or compromised. Unlike traditional banking systems, where account recovery is possible through customer support,
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