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Topic: Bitcoin insurance. - page 7. (Read 971 times)

newbie
Activity: 59
Merit: 0
May 29, 2018, 05:58:33 AM
#36
There are companies who is something like that but i am not so sure if they are legit or scam. But you don't need to worry about your bitcoin if you want to protect it just keep it safe and secure,offline all of your informations so that it is not that easy to be hacked.
member
Activity: 350
Merit: 11
W12 – Blockchain protocol
May 29, 2018, 05:50:27 AM
#35
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 think this Bitcoin insurance company will just exist in countries that supported Bitcoin usage like in Germany, Japan and France in which Bitcoin is legal in these countries so therefore it is possible that something like Bitcoin insurance company will exist because there are lot of people will use and will keep Bitcoin in which also will need securities and insurances.
member
Activity: 420
Merit: 10
May 29, 2018, 05:39:19 AM
#34
Last year, Japanese banks began accepting deposits in Bitcoin at 5% per annum.

Other companies that insure deposits in Bitcoin I do not know. They exist, but they are scammers
newbie
Activity: 56
Merit: 0
May 29, 2018, 05:39:11 AM
#33
Yes, there is an agency that will cater, protect and provide insurance to your Bitcoin. This is the Bitcoin Insurance Agency.
You may refer to this article for further knowledge about the services this agency offers.

http://innovationinsurancegroup.com/our-services/bitcoin-brokerage-agency/
member
Activity: 420
Merit: 10
May 29, 2018, 05:37:09 AM
#32
So far, I have not heard of any company offering insurance against digital currencies. I'm also looking for it. I would be very happy if there are companies that offer this service. I can be sure, there will be many users of digital currency that insure their coins. Indeed, blockchain technology already offers security in such a way as to be free of fraud and theft of digital currency. But, I'm sure that the people will be welcome against this.
member
Activity: 462
Merit: 14
May 29, 2018, 05:30:35 AM
#31
There is none so far from my tenure here in the forum i could not find a thread that deals with the problem when bitcoin will be lost or being taken away from someone. It is too risky for an insurance company to get along with cryptocurrency because the value per bitcoin constantly moving and it is difficult to establish a certain transaction fee for the insurance company for the bitcoin holdings to work. If there is then maybe they had devise a good idea on applying insurance on bitcoin.
member
Activity: 75
Merit: 48
May 29, 2018, 05:36:17 AM
#31
I don't think any insurane or sane person would give an insurance policy for a reasonable price with the current volatility.
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
May 29, 2018, 04:51:30 AM
#30
that in my opinion is a whole new level of absurd!
you want to invest in bitcoin and get the big profit that you can but at the same time you want to be insured and not lose any more if things didn't go your way!
if there is legit insurance they should charge anyone that wants it something like $10000 per bitcoin they own!
newbie
Activity: 252
Merit: 0
May 29, 2018, 04:49:17 AM
#29
have you heard about Digital Bitcoin currency assurance services? if you research about it a bit more than it would be very beneficial for you.
newbie
Activity: 252
Merit: 0
May 29, 2018, 01:10:34 AM
#28
That’s indeed a great idea. It is now the demand of the current situation. Computerized Bitcoin cash affirmation administrations went for counteracting exchange related misfortunes as I would like to think this positive innovation can be utilized to accelerate the settlement of cases yet persuading insurance agencies to believe the new money isn't a simple errand.
full member
Activity: 504
Merit: 100
May 28, 2018, 11:02:25 PM
#27
I strongly agree if there is such a service, and it makes us less afraid or worried if we get attack by theft, and that makes us calm.
sr. member
Activity: 631
Merit: 253
May 28, 2018, 10:27:13 PM
#26
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.
Same here. Nothing really proves their existence, and besides they just keep on promising, although like you i've heard so many promising ICOs about bitcoin insurance and so on, I don't really think we should doubt anything if there will be something that really gives their real service. As of now i am also watching out this kind of projects, this will also beneficial to us and for the next generations.
sr. member
Activity: 420
Merit: 252
May 28, 2018, 10:18:02 PM
#25
many times I have came across with some ICO`s that have been promising something similar. I would suggest you to check coins like insurepal, aigang. Maybe they provide such services.
newbie
Activity: 105
Merit: 0
May 28, 2018, 10:12:07 PM
#24
I think that incurrance company connet with bitcoin.It increases bitcoin popularity.That's why we could be rich day by day.A lot of thanks for this posting. Smiley  Wink
jr. member
Activity: 61
Merit: 2
RealtyReturns
May 28, 2018, 08:19:49 PM
#23
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.


Its nice if there are some company in the world that are offering this kinds of service  but base on my own perception there is no company exist now a days offering this kinds of service because we all know that crypto world are not controlled by anyone that is why no one can offer insurance service for crypto. Smiley
newbie
Activity: 119
Merit: 0
May 28, 2018, 08:16:28 PM
#22
Its a wonderful plan bitcoin have an insurance it can be a  big help to the members who need us.
full member
Activity: 476
Merit: 112
IDENA.IO - Proof-Of-Person Blockchain
May 28, 2018, 08:11:21 PM
#21
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.


https://dehedge.com/ - they provide insurance coverage for ICO investors
https://www.weicrowd.com/ - they offer security in investing through DAICO, and guarantee a project will get softcap
that's all I know, hopefully other friends can add
newbie
Activity: 168
Merit: 0
May 28, 2018, 07:57:09 PM
#20
A different concept to know but a very good one undoubtedly. Yes, there are some companies which provide insurance to bitcoin investment. if you want to go for it make sure you have gone through the terms and conditions well so that you don't face any trouble in future.
newbie
Activity: 294
Merit: 0
May 28, 2018, 05:48:24 PM
#19
I think if insurance company connects with bitcoin then it might be a great advantage for investor and if this happened then it also increase bitcoins popularity.
legendary
Activity: 2590
Merit: 3014
Welt Am Draht
May 28, 2018, 05:52:53 PM
#19
Reading this just makes me think of BitGo when they had 2 of 3 multisig as a service for Bitfinex and just let someone withdraw 60 mil or what it was in BTC at the time.

Imagine if they were actually on the hook for their incompetence somehow rather than Bitfinex.

I believe Bitgo's methods were fine, Bitfinex completely ignored them and left themselves wide open.

I just don't see how widespread insurance can work. All the places that claim they're insured like Coinbase for hacks at their end may well find there's no pay out if they ever really needed it. A Bitpay employee opened an email attachment and lost them a million dollars. They tried to claim on their insurance and were told to bugger off.

As in Bitfinex and Bitpay's cases these losses are almost always down to incompetence and laziness. No insurer would pay out under those circumstances.
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