What are the risks of not having COI for cryptocurrency investors?

3 answers

• Mar 18, 2022 · 3 years ago
  Without a COI, cryptocurrency investors may be exposed to the risk of losing their investments in case of hacking or theft. COI provides a layer of protection by compensating investors for their losses. It is important for investors to have a COI to safeguard their funds and mitigate potential risks.
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• Mar 18, 2022 · 3 years ago
  Not having a COI can leave cryptocurrency investors vulnerable to fraudulent activities. In the absence of insurance coverage, investors may not be able to recover their funds if they fall victim to scams or Ponzi schemes. It is crucial for investors to ensure they have a COI to protect themselves from such risks.
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• Mar 18, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, emphasizes the importance of having a COI for investors. Without a COI, investors may face significant financial losses in the event of security breaches or hacking incidents. It is recommended for investors to choose a reputable exchange that offers COI to minimize their risks.
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