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Nobody is every going to offer insurance on crypto. It sounds to me like you just need an FDIC insured checking account. If you're going to hold crypto, you ne
by mikewarot 3y ago
Nobody is every going to offer insurance on crypto. It sounds to me like you just need an FDIC insured checking account.
If you're going to hold crypto, you need to treat it as you would a huge pile of cash, with physical security, and obscurity. The only nice thing is that you can have a backup copy of the crypto private keys and seed phrase, unlike cash.
- pants2 3y agoNot sure where you got the idea what nobody offers crypto insurance. Lloyd's of London, one of the world's oldest and largest insurers, offers crypto insurance[1], just as one example. You also have decentralized options like Nexus Mutual. 1. https://www.lloyds.com/about-lloyds/media-centre/press-releases/lloyds-launches-new-cryptocurrency-wallet-insurance-solution-for-coincover https://www.lloyds.com/about-lloyds/media-centre/press-relea...
- mikewarot 3y agoFrankly, I'm shocked that Lloyds, of all people, are foolish enough to get into this game. It would be like insuring a pile of gold, that can be stolen through the internet. I'd expect the premiums are quite high, they don't say on their web site.