New youngsters on the block and cryptocurrency challenger Ziglu wish to give their purchasers better safety and peace of thoughts and have launched a digit asset insurance coverage programme to take action.
Ziglu, which solely launched final month, can now provide its clients the flexibility to immediately and securely trade cash into digital currencies, together with Bitcoin, Ether, Litecoin & Bitcoin Money at aggressive costs and monitor their balances in real-time — with insurance coverage.
Mark Hipperson, Founder & Chief Govt Officer of Ziglu, mentioned:
“One of many greatest issues for customers is the safekeeping of their funds and cryptocurrencies. Ziglu’s insurance coverage programme brings peace of thoughts to present clients or these dipping their toes into cryptocurrency for the primary time.”
Every Ziglu buyer’s cryptocurrency holdings are insured towards cyber-crime as much as a worth of £50,000 always and held in a segregated account. The overwhelming majority of buyer property are saved in offline (“chilly”) wallets, which means they don’t seem to be accessible by way of the web and subsequently at decrease threat of theft.
In line with a current FCA study, 1.9m folks within the U.Okay. at present maintain circa £3.15bn ($3.98bn) price of crypto with 50 per cent holding lower than £260 ($330) every. As customers more and more achieve publicity to Bitcoin and different cryptocurrencies, a key concern is the safekeeping of property.
Ziglu’s absolutely clear mannequin ensures no hidden charges or transaction costs whereas the platform democratises entry, offering a real multi-currency account for individuals who need bank-grade safety and insurance coverage coupled with a easy method of holding cryptocurrency alongside their regular cash.
Additionally printed on Medium.