hello sir / mam,could you explain me more about "e. Insured Bitcoin Wallets"?
Hello!
Kindly refer to Point 14, in FAQ's above for better understanding of our Insured Bitcoin Wallet.
Thanks
I checked your Point 14...
14. What if Bitxoxo.com gets hacked, will i loose my BTC?
No, you will never loose your BTC with us. We are the only Indian Bitcoin Exchange with Insurance on all our BTC wallets. All BTC stored in Bitxoxo's BTC wallet is insured against theft and electronic compromise in an amount that exceeds the average value of bitcoin and ether it holds online at any given time. Specifically, Bitxoxo's would respond to losses resulting from a breach of our physical security, cyber security, or as a result of employee theft.
Note : It does not cover damages resulting from a specific user's loss, such as the losses resulting from a compromise of the customer login credentials.
But on Bitxoxo.com, even if your credentials were hacked or compromised by any hacker, still your BTC are safe. No one can withdraw your BTC or INR Balance unless he/she enters the secured OTP which get delivered directly to user's mobile number.
U r claiming to have insured your bitcoin & ether. Would u like to tell us about your insurer for transparency? Or u r just using the BitGo wallet like UnoCoin and talking about the BitGo insurance? And if a theft or heist happen, who'll decide that who is responsible for it? You, your customer or Indian administration?