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Topic: Bitcoin insurance. (Read 971 times)

brand new
Activity: 0
Merit: 0
December 23, 2018, 10:35:46 AM
I think bitcoin can continue drive progress more years even it has no legal acceptance.
newbie
Activity: 81
Merit: 0
November 18, 2018, 11:33:47 PM
There are already various hedge funds that insure investment in Bitcoin. But such reliable companies have a limited number of users who have enough funds to put them in such a fund to stabilize the rate used for over-the-counter payments.
I don't know if bitcoin can be insured, because until now the company that accepts bitcoin insurance doesn't know yet. In my opinion, it is rather difficult, because the owner of the bitcoin is anonymous, while the insurance company must have accurate KYC data that will be needed when a bitcoin claim occurs.
legendary
Activity: 1414
Merit: 1002
= jasad =
October 27, 2018, 06:14:46 AM
Hi I eagerly want to that is there any insurance company that offers services to protect investment in btc or any cryptocurrency. If you know please share.



there are many but scam projects. and this is far from the concept of blockchain technology. if you want to invest safely you should leave this industry and invest in banking. that's all you can do
newbie
Activity: 63
Merit: 0
October 27, 2018, 05:29:11 AM
Better than an Online Insurance is going to a pHusical Insurance and applying an Insurance for Digital Goods
hero member
Activity: 3038
Merit: 634
October 27, 2018, 05:18:02 AM
I wouldn't be so gullible if someone actually offers that type of insurance to protect our bitcoin investments or even with altcoins. That type of offer is likely a scam and not existing. How can someone protect our bitcoin investments? protecting from hackers? use a hardware wallet and stay away from keeping your funds on exchanges, protecting from the risk? then you don't understand volatility.

I've heard of a type of insurance before and is being offered by Coinbase but I'm not sure on how its going or its still active.
jr. member
Activity: 294
Merit: 1
October 27, 2018, 03:35:02 AM
There are several scammers online who claimed to do such or something similar to bitcoin insurance some are even advise their ICO's. They ask you to send some bitcoin  and promise to give some percentage after some time but they will end up defrauding you of your fund. The real bitcoin insurance company are rare do your findings very well before putting in your fund.
newbie
Activity: 75
Merit: 0
October 27, 2018, 03:27:46 AM
Cryptocurrencies are an area of high risk, so I think that insurance in this area should be well planned. I don't know of organizations that carry insurance of cryptocurrencies.
For now, bitcoin insurance cannot be applied for various reasons. One of them is anonymous bitcoin ownership and the risk of loss is high. Insurance as a protection agency cannot monitor bitcoin transactions to determine payment of contributions, because the transaction is peer to peer and there is no monitoring.
member
Activity: 443
Merit: 12
October 10, 2018, 04:21:51 PM
There are already various hedge funds that insure investment in Bitcoin. But such reliable companies have a limited number of users who have enough funds to put them in such a fund to stabilize the rate used for over-the-counter payments.
jr. member
Activity: 182
Merit: 1
October 08, 2018, 04:07:14 PM
The following organizations provide cryptocurrency business insurance services: Great American Insurance Group, XL Catlin, Chubb, Mitsui Sumitomo Insurance and others. These companies offer their customers a variety of insurance packages. For example, one of the latest offers provides insurance not only against internal, but also external threats. The insurance package also covers errors, unauthorized access and theft of employees.
newbie
Activity: 7
Merit: 0
October 08, 2018, 01:00:10 PM
It really is hard to find some insurance company for that and harder thing is finding somthing that is not scam!!!
sr. member
Activity: 569
Merit: 250
October 08, 2018, 12:54:00 PM
i have seen a couple of them in the past that said they are doing something like that. i have even seen an ICO for this matter but all of those that i have seen were pure scams nothing more.
yup is very difficult to find an insurance company engaged in crypto or accept crypto currency, the most important thing now is the careful deception in the name of fraud
full member
Activity: 868
Merit: 104
October 08, 2018, 12:48:46 PM
Hi I eagerly want to that is there any insurance company that offers services to protect investment in btc or any cryptocurrency. If you know please share.


I do not think that any company can provide insurance to Bitcoin as it could be a risky business and if someone is offering such service then it should be thoroughly investigated as it may run with clients money w/o giving any insurance claim.
member
Activity: 322
Merit: 16
October 08, 2018, 11:57:05 AM
Hi I eagerly want to that is there any insurance company that offers services to protect investment in btc or any cryptocurrency. If you know please share.


Until now, I do not know that there is an insurance that will cover cryptocurrency investments, even to cover stock investments, insurance companies will still think many times, and if it is to cover cryptocurrency investments, you will be required to pay a really large premium because investment in cyptocurrency is truly risky due to uncertain price fluctuations.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
October 08, 2018, 08:25:02 AM
Hi I eagerly want to that is there any insurance company that offers services to protect investment in btc or any cryptocurrency. If you know please share.


I don't know if there are any services like that, but if there is, I think many of us will try their services since, in cryptocurrency, there is no guarantee for us always to make a profit. But they need to know a lot of things about cryptocurrency so they can guarantee their customer to get protection investment and their customer can be calm down. I don't know what will the government say if they found this insurance services and I think the government will need to prepare the regulations so they can be safe for their customer.
sr. member
Activity: 826
Merit: 265
October 08, 2018, 07:12:44 AM
Hi I eagerly want to that is there any insurance company that offers services to protect investment in btc or any cryptocurrency. If you know please share.


If theres one for sure that is scammy so beware.

This is impossible to provide mate because cryptocurrency is anonymous and insuring our assets needs personal identification,or else you will be dealing with anonymous company also that might be “fly by night”
So stop looking for crypto insurance instead keep your security safer and prevent from entering hack sites
full member
Activity: 448
Merit: 100
October 08, 2018, 07:11:09 AM
Hi I eagerly want to that is there any insurance company that offers services to protect investment in btc or any cryptocurrency. If you know please share.

For themselves, they have long drawn conclusions, this was the decision.I'm not good at English, but I realized that they want to strain the exchange to be verified among traders.
full member
Activity: 476
Merit: 100
October 08, 2018, 06:18:32 AM
There is no insurance cover for bitcoin transaction for now.All the transaction in cryptocurrency presently are not covered by any insurance cover and are of high risk. But There is an on going Project generating fund through ICO which claim their project will insure crypto deposits against market price fall. This is the site: https://ccin.io/ and white paper :https://ccin.io/doc/Whitepapereng.pdf and their name is Cryptocoininsurance. This is the only project that may grant insurance cover for crypto deposits.
jr. member
Activity: 252
Merit: 1
October 08, 2018, 06:13:00 AM
A project like that will be beautifull to see and follow but its not adviceable to run into it the moment it comes out because its likely going to be scam but who knows? Something like that can come up and succeed . Just be on the watchout
full member
Activity: 891
Merit: 100
Oikos.cash | Decentralized Finance on Tron
October 08, 2018, 06:01:58 AM
Cryptocurrencies are an area of high risk, so I think that insurance in this area should be well planned. I don't know of organizations that carry insurance of cryptocurrencies.
legendary
Activity: 1008
Merit: 1060
October 08, 2018, 05:18:42 AM
I really agree with insurance services like that, but as long as there is still no such insurance company, I really hope there is insurance for crypto services because it is certainly very helpful, and investors will not worry and calm if there is theft.
An insurance service that will give back your money when you do bad investments? Sounds impossible for me as well as abusable. One person can easily team up with someone to appear as the scammer and the victim. Both characters can also be just one person. Double money for every repetition. Even in real life, there's a lot of insurance fraud happening. What more would it be in a place like this where everyone can be anonymous and have no real life consequence if caught. You can be a well-known scammer in the crypto world and still live a normal life in real life.

Plus, people knowing that their money will be given back to them everytime they get scammed will result to mindless investments. They will try out all sorts of investments until they find something that is not a scam. I wonder how could the insurance company recover from multiple people getting scammed multiple times. I also wonder how are they going to make money from such service and where would the money they are giving out come from? It's so unrealistic but still quite believable. No wonder why a lot of ICOs in the past used this concept, but obviously failed.
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