Worried about your bitcoins getting HACKED by viruses or trojans? Worried about a massive BTC price drop and lose your investment? Welcome to Safecoin.
Secure StorageStored bitcoins will be safely kept on a fully-offline, (not reachable locally) Armory installation. Private keys are safely backed up after Truecrypt encryption onto a variety of online storage services like Amazon Web Services, in case of natural disaster.
Bitcoin Price Drop PromiseSafecoins will promise a value of up to $5 USD per bitcoin depending on your security profile. We use the fees to establish 100% collateral in USD. If you like, we can also trade your BTC into USD once the market starts to drop significantly to give you higher cash in case bitcoins collapse.
Identity ProtectionYou can choose this optional feature where we verify your identity before withdrawing your coins or currency. Supply us with whatever information you'd like to verify, and when you withdraw you'll need to provide the same thing. For example, security questions or scans of government IDs.
Plans$1 USD per Bitcoin guarantee: 0.2% per week fee.
> Suggested for those who deposit in Safecoin primary for the security and don't want to end up with worthless coins. Very low fees.
$3 USD per Bitcoin guarantee: 0.7% per week fee.
> Suggested for those who don't want to pay a high premium but would like additional security.
$5 USD per Bitcoin guarantee: 1.5% per week fee
> Best for those who want maximum security and a peace of mind.
Current collateral: $1000 USD - will increase as people deposit into Safecoin.
The fees will decrease over time due to the power of negative compound interest
How it worksYou can request a payout at
any time via PayPal, Liberty Reserve, Dwolla, Payza, Bank Transfer, MtgoxUSD coupons. Your balance deposited into our secure coin holdings will be deducted the applicable fee per week.
Obviously, you can request a payout of your bitcoins at any time to a wallet for just a 0.01BTC fee as we manually process and verify.
Please note: We reserve the right to alter the fees and price guarantee, non-retroactively. This means that if we increase the fees later, it won't apply to you.