primeassettrade prioritizes the security of our customer's funds, all digital currency that primeassettrade holds online is insured. If primeassettrade were to suffer a breach of its online storage, the insurance policy would pay out to cover any customer funds lost as a result. primeassettrade holds less than 2% of customer funds online. The rest is held in offline storage.
Please note that the insurance policy covers any losses resulting from a breach of primeassettrade’s physical security, cyber security, or by employee theft. This insurance policy does not cover any losses resulting from the compromise of your individual primeassettrade account. It is your responsibility to use a strong password and maintain control of all login credentials you use to access primeassettrade.
Your primeassettrade Wallet is covered by FDIC insurance, up to a maximum of $250,000.
Even if primeassettrade were to fail as a business, the funds held in the custodial bank accounts could not be claimed by primeassettrade or its creditors. The funds held in those accounts would be returnable to primeassettrade’s customers.