What Is Cryptocurrency Insurance And Why Do You Need It?

What Is Cryptocurrency Insurance And Why Do You Need It?

With each passing month, cryptocurrency is gaining acceptance as a major investment opportunity for millions around the world. However, investing in cryptocurrency comes with its own share of risks. So, it is best to draw insurance on it. Crypto insurance may not be as simple as other forms of insurance, such as those covering risks associated with life, health or valuable objects. Additionally, insurance companies have not been very open about the highly risky crypto market, for obvious reasons such as difficulty in understanding blockchain’s technical complexities and the lack of insurance-specific definitions of key components around digital assets. Yet the tide is changing; some big names in the insurance world are gradually getting into the game of insuring digital currencies. Why is crypto insurance necessary? Crypto insurance is like …
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