Crypto Insurance: What You Must Know !

In the realm of soaring cryptocurrencies and escalating risks, crypto insurance is your financial shield.

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Cryptocurrency insurance protects against theft, but crypto's high volatility makes it a target.

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In 2021, crypto crimes hit $14 billion, double the previous year, according to Chainalysis.

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Unlike regular money, cryptocurrencies lack government protection.

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Some exchanges like Binance and Coinbase offer limited insurance against theft.

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However, they don't cover losses from hacked accounts due to stolen credentials.

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Binance's SAFU fund helped recover $40 million lost in a 2019 hack.

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Crypto insurance may cover cyber breaches but not market losses or Ponzi schemes.

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In exchange bankruptcies, insurance can offer limited help, especially for custodial customers.

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Companies like Lloyd's are entering the crypto insurance market.

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Comprehensive and affordable crypto insurance is still evolving, often requiring multiple plans for full protection.

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In the realm of soaring cryptocurrencies and escalating risks, crypto insurance is your financial shield.

Why crypto insurance is important ?

Cryptocurrency insurance protects against theft, but crypto's high volatility makes it a target.

Why crypto insurance is important ?

In 2021, crypto crimes hit $14 billion, double the previous year, according to Chainalysis.

Why crypto insurance is important ?

Unlike regular money, cryptocurrencies lack government protection.

Why crypto insurance is important ?

Some exchanges like Binance and Coinbase offer limited insurance against theft.

Why crypto insurance is important ?

However, they don't cover losses from hacked accounts due to stolen credentials.

Why crypto insurance is important ?

Binance's SAFU fund helped recover $40 million lost in a 2019 hack.

Why crypto insurance is important ?

Crypto insurance may cover cyber breaches but not market losses or Ponzi schemes.

Why crypto insurance is important ?

In exchange bankruptcies, insurance can offer limited help, especially for custodial customers.

Why crypto insurance is important ?

Companies like Lloyd's are entering the crypto insurance market.

Why crypto insurance is important ?

Comprehensive and affordable crypto insurance is still evolving, often requiring multiple plans for full protection.

Why crypto insurance is important ?