Cryptocurrency Insurance now offers insurance for digital assets

Everyone can now buy cryptocurrency insurance, which is the most proactive and secure way to protect and secure digital assets. Crypto / cryptocurrency insurance merges the decentralized finance / crypto and insurance markets.

Kilmarnock, East Ayrshire, United Kingdom, June 26, 2022, King News Wire, Insuring cryptocurrency, digital currency, cryptocurrencies or digital assets is one of the smartest things any cryptocurrency or investor should do right away. It is no longer news that cryptocurrencies and other digital assets have made many people rich in a very short time and more than anything else in the entire history of mankind.

However, many threats also abound in the cryptocurrency market. It is easier to lose crypto or digital assets than to make money on them. The good news is that it is possible to minimize the risk of losing money or cryptocurrencies to cryptocurrency scams or other threats from the crypto industry.

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5 ways to avoid losing crypto and digital assets

Insure all cryptocurrency assets

Everyone can now buy cryptocurrency insurance, which is the most proactive and secure way to protect and secure digital assets. Crypto / cryptocurrency insurance merges the decentralized finance / crypto and insurance markets.

There is a growing demand for crypto insurance products. The cryptocurrency insurance industry takes up the challenge by protecting companies (such as cryptocurrency exchanges) and individuals with custodial digital assets and personal insurance coverage, respectively.

Cryptocurrencyinsurance.io is one of the best and most trusted cryptocurrency insurance companies. They provide excellent protection against theft of cryptocurrencies and cover cryptocurrency broker accounts.

Be informed about the risks involved

A challenge for crypto investors is that they need to be more responsible for securing their assets unlike other investments. If a person has money in a bank account, their account is protected in several ways. But cryptocurrencies do not enjoy this kind of protection. Each person should take responsibility for protecting these things.

A challenge for crypto investors, however, is that everyone is more responsible for their own security, unlike other investments. For example, bank accounts are protected by business insurance and crime insurance. If the bank fails, the FDIC provides coverage for up to $ 250,000.

Use a crypto wallet

Cryptocurrencies like bitcoin are hard to hack. Vulnerable points are usually where people store and exchange their digital assets. Each user can control their cryptocurrency through public keys and private keys. A crypto wallet is where they store their keys and protect them from hacking.

Instead of leaving the crypto on the exchange where users buy it, it makes sense to move it to a crypto wallet for control. You can choose a hot or cold purse depending on how much you want to store and how safe they want it to be. Hot wallets are connected to the Internet. Cold wallets are more secure because they are kept offline.

Use a reputable crypto exchange

When trying to trade cryptocurrencies, users seek the help of an exchange or broker. Crypto exchanges have been victims of high-profile hacks over the years. Mt. The Gox hack in 2014 wiped out about 70% of global bitcoin transactions through the stock market. Over 850,000 Bitcoins (worth about $ 450 million) have been stolen and only 200,000 have been found.

Security should be an important factor to consider when choosing a trading venue. Look for one that has never been hacked and check what insurance broker protection it has. Check the books of directors and officers for the percentage of its reserves kept offline in cold rooms.

Maintaining secure Internet habits

No one wants to lose their bitcoin or cryptocurrency to malware. And yes, no one wants to lose them because they use the same password for every account. It is not ideal if one of the passwords falls into the wrong hands.

Moreover, it is much worse if the same password gives access to all accounts. It is important to consider using a password manager. Also use long passwords with a mixture of numbers, letters and characters.

5 benefits of getting personal crypto insurance

Here are five benefits to getting crypto insurance or any other insurance of digital assets individually or personally.

  1. Insurance protects users from personal wallet hacking or cryptocurrency exchange hacking.
  2. Crypto-insurance provides protection against crypto-theft, crypto-investment and other related scams.
  3. It provides protection against loss of access to the crypto wallet and against loss of the crypto wallet.
  4. Crypto-insurance protects users against cryptocurrency price fluctuations.
  5. Crypto-insurance gives users peace of mind.

Insure cryptocurrency, crypto assets, NFTs and other digital assets today with www.cryptocurrencyinsurance.io.

Media contact

Organization: Cryptocurrency insurance

Contact person: Colin Richardson

Email: Send an e-mail

Address 1: 12 Titchfield St.

Call: 01698 253313

State: East Ayrshire

Town: Kilmarnock

Country: United Kingdom

Website: https://cryptocurrencyinsurance.io/

The post Cryptocurrency Insurance now offers insurance for digital assets first appeared on King Newswire.

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