Securing your crypto coins is an absolute priority for most crypto investors. There are a lot of ways to do this. For example, there are investors who invest their cryptocurrencies in a hardware wallet but most of the crypto investors keep their digital coins on a crypto exchange like bitvavo†
Create an account immediately at Bitvavo and trade your first $1,000 of cryptocurrency absolutely free!
Bitvavo account guarantee
For Bitvavo, ensuring security for users’ crypto assets is extremely important. That is why the Dutch exchange has drawn up a watertight protocol with which it can guarantee the funds of users. For example, the digital assets of users are kept in a highly secured environment. In addition, the crypto assets of users are also insured, up to a value of no less than $255 million†
Bitvavo now announces that they will go one step further. The new ‘Bitvavo Account Guarantee’ will ensure that people can be reimbursed up to 100,000 euros in case someone has unauthorized access to a user account.
Our goal is to make it as easy and secure as possible for you to access your digital assets anytime, anywhere. Our guarantee is not a legal requirement and is not part of the EU deposit guarantee schemes. The Bitvavo account guarantee is also not an insurance policy. As the only digital asset exchange offering users refunds of up to EUR 100,000, we pride ourselves on being at the forefront of security and ease of use.
How does it work?
In order to be eligible for compensation in the event of, for example, a burglary, users must in any case complete all steps of the know your customer (KYC) procedure. Also, users are only eligible 30 days after they have created their new account with Bitvavo.
Only ‘unauthorized activity’ will be reimbursed by Bitvavo. This is when a person gains access to a user account without permission and that person cryptocurrencies or withdraw fiat currency.
Therefore, making an incorrect transaction does not fall under unauthorized activity and will not be reimbursed by Bitvavo. This also means that Bitvavo cannot be held responsible in the event that a user transfers cryptocurrencies to a scammer†
The new Bitvavo account guarantee in combination with the aforementioned security measures actually ensures that your crypto coins are safer at Bitvavo than anywhere else!
Create an account immediately at Bitvavo and trade your first $1,000 of cryptocurrency absolutely free!
Want to learn more about Bitvavo? Check out our Bitvavo exchange page and Bitvavo review.