Cryptocurrency insurance- Have you insured your cryptocurrency?

[Bisolami]

I think that it is good to insure your properties and it does not matter if it is going to be offline properties or even online properties as long as there is a company that would be able to do it for you.

That is true and I think one thing that a lot of people runaway from is that money that the insurance company will collect t. They don't want to pay so they will not insure their properties

 

[riberet19]

Well if I had a very large amount of cryptocurrencies, talking about more than 100,000 dollars I would probably consider doing it, but for now and if I do not reach a similar figure, I do not think I need to insure them.

 

[Blessed19]

That is true and I think one thing that a lot of people runaway from is that money that the insurance company will collect t. They don't want to pay so they will not insure their properties

Well if there is one thing about the human being that I have gotten to learn and know is the fact that we all want free things.
no matter how good a thing is going to be definitely is not going to be free to an extent as one has to pay a price for such a thing and that is what humans we don't want.

 

[Etini Willie]

Like @riberet19 has stated up there, if I have much crypto assets worth up to $5000, I would insure it. It doesn't even make sense to insure $100 crypto. How much would the premium be?

 

[Golden9]

I never knew that cryptocurrency can be insured. It's not a topic that talked about a lot in the space, and probably for good reason too. With the high volatility, the insurance companies can lose a lot.

 

[Smalto]

Till now, some people do think that cryptocurrency is a joke. Like I was advising someone that he should Invest in cryptocurrency now, that by next year it will rise. And he was now asking what if the price fall.
It is normal for the price to fall but there is assurance that it will rise back. As for me I have invested almost $200 in 6 coins

Wow, so thoughtful of you for the kind advice you gave to that your friend, honestly up until now, I didn't know that cryptocurrency can be insured, wow, this is some real business if you ask me though, going to learn more about insuring my cryptocurrencies in order not to loose out of its benefits.

 

[Stardom22]

I have never been so engaged in the cryptocurrency industry that l can insure the cryptocurrency.

 

[King Belieal]

This is the absolute first time that I am hearing that crypto can be insured. I guess that the premium would be very high because it takes so much risk to insure crypto.

 

[Niyi Briggs]

I don't know of any insurance company in my country that offers crypto insurance. It is something I would really like to buy if the coverage is favourable.

 

[You]

No, I haven't insured my cryptocurrency yet. To be honest, I've been waiting for more mainstream insurance options to emerge. While there are some specialized crypto insurance providers, I'm not convinced about their reliability and coverage.

 

[jetsaints30]

We all know that the cryptocurrency market is a risky venture caused by the high volatility of the market.

It is important to insure your cryptocurrencies holdings against the high volatility of the market. This is a new kind of insurance plan but it is very essential.

Do you hold cryptocurrencies? Have you bought an insurance plan for the cryptocurrencies to protect you from losses?

I do hold cryptocurrencies, but I haven't bought an insurance plan specifically for them yet. It's definitely an interesting concept to mitigate risks in such a volatile market.

 

[Niyi Briggs]

Crypto insurance doesn't protect you against downwards price movements. It only protects you against the exchange going bankrupt.

 

[Rubz]

I honestly didn't know that crypto currency could be insured before now. Truly, we learn new things everyday.

 

[Nite]

I hear there are different types of cryptocurrency insurance plans available in the market. Some policies offer coverage for theft or hacking of digital assets, while others provide protection against fraud or other forms of financial loss.

 

[timewo]

I only have a small amount of crypto, which I withdraw periodically, so I do not require any kind of insurance.

 

[Min George]

I only have a small amount of crypto, which I withdraw periodically, so I do not require any kind of insurance.

I don't think it is even necessary for us to ensure such small amounts of crypto. It is for people that have invested millions of dollars in crypto.

 

[Ratine]

The fact that l am not into the cryptocurrency doesn't allow me to insure the cryptocurrency

 

[Stardom22]

For me l am still learning the crypto currency venture and l have never thought about that.

 

[Nite]

While the concept may be new to some, it's worth considering as a way to protect your investments in this rapidly evolving market.

 

[eldavis]

Wow I was not even aware there was something like an insurance plan for crypto currency.