Post
Topic
Board Bitcoin Discussion
Re: Cryptocurrency insurance
by
Sollaes
on 21/08/2021, 06:27:10 UTC
Anyone find any good options for cryptocurrency insurance? Sadly the exchanges don't seem to offer it (at least the big ones). It would beneficial for folks that have a couple $1k of crypto to insure it for $10/year.

Personally I haven’t met such functions before, as crypto is too risky to insure it. It can yield big losses for platforms that will provide insurance for crypto assets. Moreover, when it is a bear market and everything is dropping, people are in panic, these platforms just will not cope with so many demands to pay for insurance. But maybe I didn’t understand you properly as it is not very clear to me what you can have an insurance for.