Membership and Coverage
The Membership and Coverage section of Fairside's GitBook provides a comprehensive guide to how users can join, what they are covered for, and how Fairside protects against common crypto-related scams.
Key Highlights of the Section:
Membership Signup: Joining Fairside is simple and intuitive. Users select their desired coverage amount (1–100 ETH), register up to 10 wallet addresses, and complete the process by paying the membership fee in ETH.
Membership Benefits: Beyond scam protection, Fairside members benefit from additional services, such as NAXO’s account recovery assistance, providing added support in case of wallet access issues.
Covered Events: Fairside focuses on protecting members from the three most common cryptocurrency scams:
Malicious Transactions & Signatures: Coverage for crypto theft resulting from scams that trick users into signing fraudulent transactions or interacting with malicious smart contracts.
Address Poisoning: Protection against scams where malicious addresses are disguised to trick users into sending funds to the wrong recipient.
Private Key Compromise: Coverage for theft resulting from malware that steals private keys, provided forensic analysis confirms malware activity.
Coverage Limitations: While Fairside covers many types of crypto scams, it does not cover losses where users voluntarily share their seed phrases or private keys with scammers or input them on phishing websites.
This section serves as a roadmap for understanding how Fairside’s membership works, what it offers, and the specific types of scams and events that are covered, empowering users to navigate Web3 with confidence.
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