Overview of top Crypto Insurances available

With the rise of cryptocurrency in recent years, there has been a growing need for insurance to protect against losses. As with any type of insurance, it can be difficult to know where to start. Here's an overview of the top crypto insurances available, along with what they offer.

  1. Coinbase Insurance: Coinbase offers its users insurance in the event of theft or hacking. This insurance covers losses up to $250,000 per customer, and is underwritten by Lloyds of London.
  2. BitGo Insurance: BitGo offers full insurance coverage for its clients' assets, including Bitcoin and Ethereum. This coverage is underwritten by multiple global insurance providers, including XL Catlin and Lloyd's of London.
  3. Gemini Insurance: Gemini provides insurance coverage for both its hot and cold wallets. Hot wallet coverage is provided by Aon and covers up to $200 million in losses. Cold wallet coverage is provided by Marsh and covers up to $150 million in losses.
  4. Lloyd's Insurance: Lloyd's of London offers insurance coverage for exchanges and storage providers. This coverage is customizable to meet the specific needs of each client, and covers losses caused by theft, hacking, and other forms of cybercrime.
  5. Coincover Insurance: Coincover offers insurance for individuals, ensuring that their cryptocurrency is protected in the event of theft or loss. This insurance covers over 100 cryptocurrencies and has policies starting at just $1 per month.

In conclusion, it is important to thoroughly research and understand the various options when it comes to crypto insurance. From exchanges to individual policies, there is sure to be an insurance option that fits your needs.

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