Paxful is excited to announce our partnership with Digital Asset Services Ltd (trading as CoinCover)— a leader in blockchain protection solutions. This partnership will introduce improved and advanced safety protocols, enhancing Paxful user account security.

What does this mean to our users?

For our new and existing users, this means greater peace of mind and the assurance that their assets are well protected in the following ways:

• Your private keys are now backed up. If they are ever compromised or lost, Coincover can help recover them, keeping your funds secure.
• Proactive and seamless protection. Coincover will monitor suspicious activity, automatically alerting the Paxful team to anything unusual in real-time, ensuring that your digital assets are safe.

Do Paxful users need to update their accounts?

No action is required. 

This partnership gives Paxful users automatic, enhanced security that protects their assets without manual account changes. These features roll out immediately for existing users, so you can keep buying and selling without opting into extra security measures.

Is my Paxful account now insured?

No—although this partnership will increase the security of your account, it does not imply that Coincover now insures a user account. Coincover will offer protection for private key loss or theft, which relates directly to the safety of your assets.

Will users receive notifications about suspicious activities?

Users may not receive individual real-time updates for suspicious activities. Rest assured that the Paxful team is always keeping an eye out to keep your account safe.

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At Paxful, the security of your assets is our top priority and an ongoing concern. We are looking for ways to improve this experience, including incorporating Artificial intelligence (AI). With the latest partnership with Coincover, you can trade with even greater peace of mind.

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About Coincover

Founded in 2018, Coincover is a global leader in digital asset protection platforms. They provide coverage against the loss or theft of private keys, essential for accessing the wallets where your Paxful funds are secured. In addition, Coincover offers insurance against losses resulting from hacking or theft.

One of Coincover’s key features is fraud monitoring. They keep a close eye on the activity in our wallets through API connectivity, allowing for quick detection and response to any suspicious behavior.For more about Coincover, visit their website.