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Title: Bitcoin insurance. Post by: ClaytonLWils on May 26, 2018, 09:24:42 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.
Title: Re: Bitcoin insurance. Post by: Red-Apple on May 26, 2018, 09:32:46 AM 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.
Title: Re: Bitcoin insurance. Post by: Goodday on May 26, 2018, 10:01:31 AM Digital Bitcoin currency assurance services aimed at preventing trade-related losses in my opinion this positive technology can be used to speed up the settlement of claims but convincing insurance companies to trust the new currency is not an easy task.
Title: Re: Bitcoin insurance. Post by: andeonnut on May 26, 2018, 10:34:08 AM It's an interesting idea, this. Wonder if it's already out there.
Title: Re: Bitcoin insurance. Post by: franky1 on May 26, 2018, 10:35:30 AM bitcoin insurance is a hard thing to achieve. many home insurers do not automatically pay out at request. they investigate and do accounting on the chance/risk that the insured person has not simply hidden the posessions to pretend they were stolen. which is harder to prove because a investigator cannot simply ask neighbours if they seen a removal van at the persons home. so i do not see insurance companies offering a personal insurance. as there are too many ways to fake a claim to get out mor then the person put in.
however exchanges could decide to put their trade fee's into a trust (multisig) that is co-signed by an insurance company. where by to keep trade fee's down and keep the exchange profitable. can only access the fee's after 12 months of the trade. EG imagine in one day trade fee's totaled 7.45btc(Gdax example), over a year totals ~2,700btc at the 366th day the exchange will get their 7.45btc. but could lose ~2,700btc if they do anything to harm thier customers its kind of how silk road reportedly operated, by having a reserve/collateral. how how some fiat institutions are set up. though fiat institutions do not get their premiums back after a year, which is why trading fee's can be higher in those cases Title: Re: Bitcoin insurance. Post by: Kimchu kuno on May 26, 2018, 10:47:02 AM bitcoin insurance is a hard thing to achieve. many home insurers do not automatically pay out at request. they investigate and do accounting on the chance/risk that the insured person has not simply hidden the posessions to pretend they were stolen. which is harder to prove because a investigator cannot simply ask neighbours if they seen a removal van at the persons home. so i do not see insurance companies offering a personal insurance. as there are too many ways to fake a claim to get out mor then the person put in. however exchanges could decide to put their trade fee's into a trust (multisig) that is co-signed by an insurance company. where by to keep trade fee's down and keep the exchange profitable. can only access the fee's after 12 months of the trade. EG imagine in one day trade fee's totaled 7.45btc(Gdax example), over a year totals ~2,700btc at the 366th day the exchange will get their 7.45btc. but could lose ~2,700btc if they do anything to harm thier customers its kind of how silk road reportedly operated, by having a reserve/collateral. how how some fiat institutions are set up. though fiat institutions do not get their premiums back after a year, which is why trading fee's can be higher in those cases No need of registering insurance company. Title: Re: Bitcoin insurance. Post by: MBAPOLIN on May 26, 2018, 11:00:48 AM I think insurance company add to btc. and more offering that digital crrpronce
Title: Re: Bitcoin insurance. Post by: Marlo Stanfield on May 26, 2018, 11:03:22 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. Not that I would recommend storing any bitcoin there, but I beleive companies like Coinbase have some sort of insurance to protect at least a certain amount of loss in the event of theft or other type of loss by them. I don't think it covers you personally at all if say you made a mistake that lead to your account being hacked or something. But if I'm correct about this then it should function almost like FDIC guarantees on bank accounts and such. Title: Re: Bitcoin insurance. Post by: Renal on May 26, 2018, 11:09:03 AM I strongly agree if there is an insurance company that protects the world of cryptocurrency later this will better memepermudah each user to make transactions in the world crypto hopefully fore there are companies who want to participate in managing digital currency.
Title: Re: Bitcoin insurance. Post by: 3angel84 on May 26, 2018, 11:11:45 AM I didn't heared it yet but if these will be included in bitcoin,it must be better,but in other way also,we are always secured here in bitcoin,our future is already in surest way to be green so,this is the insurance of being here in bitcoin.
Title: Re: Bitcoin insurance. Post by: lesya-ya on May 26, 2018, 11:15:02 AM In my opinion, it would be great that your investments be insured. Thanks to this, investors wanting to buy bitcoin will become more. ;)
Title: Re: Bitcoin insurance. Post by: marn6767 on May 26, 2018, 11:24:45 AM a project named BitRust. It aims to go out on the market as an insurance mechanism. But lately, it's not making much noise from the project. I hope they can successfully enter the market
Title: Re: Bitcoin insurance. Post by: fatirborju on May 26, 2018, 11:31:15 AM I am very happy and very agree if in bitcoin there is a company that is bitcoin insurance but I think if you want to establish a company is still very difficult, because it is in bitcoin there are many scam projects, so if the company is there then it will likely experience a little loss ....
Title: Re: Bitcoin insurance. Post by: franky1 on May 26, 2018, 11:32:04 AM No need of registering insurance company. not so much an insurance company(government regulated). but a public body that can display they as a multisig co-signer have morals and rules to not spend funds themselves and are not in cahoots with the exchange. usually this would be an pre-established entity who has experience and would happily register their location details to be handed court orders should anything nasty happen. im not saying regulated registration insurance.. im saying public consumer protection insurance. which there is a difference. regulated insured establishments are allowed to break the law, pretend they are bankrupt to not pay out and then go money grabbing consumer protections keeps businesses ethical or suffer repercussions after all. how many bankers went to jail due to the crises. and on the flip side how many bankers got more richer where as if a business with consumer protection certification, would get court orders and bailiffs at their doors in a crisis Title: Re: Bitcoin insurance. Post by: onurgozupek on May 26, 2018, 11:39:10 AM There are some uncertainty about Bitcoin, no regulations especially. How can any company grant your Bitcoins unless you leave all your funds to them. You can keep your Bitcoins secure as any others can do. If you are looking to keep the value safe, you should check crypto investment rather than insurance
Title: Re: Bitcoin insurance. Post by: Marlo Stanfield on May 26, 2018, 02:38:05 PM not so much an insurance company(government regulated). but a public body that can display they as a multisig co-signer have morals and rules to not spend funds themselves and are not in cahoots with the exchange. usually this would be an pre-established entity who has experience and would happily register their location details to be handed court orders should anything nasty happen. 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. Title: Re: Bitcoin insurance. Post by: fritzwalter195 on May 26, 2018, 06:21:27 PM Its a good concept, businesses could work towards it.
Title: Re: Bitcoin insurance. Post by: pauline_78 on May 27, 2018, 11:57:48 PM I didn't about this thing before. Thanks to this forum. I gotto learn so many new things. Different people commented different things. Thanks for posting this.
Title: Re: Bitcoin insurance. Post by: gentlemand on May 28, 2018, 09:52:53 PM 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. Title: Re: Bitcoin insurance. Post by: rabia_laskor on May 28, 2018, 11:57:09 PM 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.
Title: Re: Bitcoin insurance. Post by: Shreek on May 29, 2018, 12:11:21 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. 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 Title: Re: Bitcoin insurance. Post by: worldsuccess01 on May 29, 2018, 12:16:28 AM Its a wonderful plan bitcoin have an insurance it can be a big help to the members who need us.
Title: Re: Bitcoin insurance. Post by: mine_20 on May 29, 2018, 12:19:49 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. 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. :) Title: Re: Bitcoin insurance. Post by: Mofazzal840 on May 29, 2018, 02:12:07 AM 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. :) ;)
Title: Re: Bitcoin insurance. Post by: dragoz11 on May 29, 2018, 02:18:02 AM 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.
Title: Re: Bitcoin insurance. Post by: speedy963 on May 29, 2018, 02:27:13 AM 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.Title: Re: Bitcoin insurance. Post by: SUDARMONO on May 29, 2018, 03:02:25 AM 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.
Title: Re: Bitcoin insurance. Post by: cryptodreem on May 29, 2018, 05:10:34 AM 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.
Title: Re: Bitcoin insurance. Post by: kma.deno on May 29, 2018, 08:49:17 AM 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.
Title: Re: Bitcoin insurance. Post by: talkbitcoin on May 29, 2018, 08:51:30 AM 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! Title: Re: Bitcoin insurance. Post by: thom88 on May 29, 2018, 09:36:17 AM I don't think any insurane or sane person would give an insurance policy for a reasonable price with the current volatility.
Title: Re: Bitcoin insurance. Post by: Zaibraid on May 29, 2018, 09:37:09 AM 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.
Title: Re: Bitcoin insurance. Post by: tokenomics on May 29, 2018, 09:39:11 AM 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/ Title: Re: Bitcoin insurance. Post by: bellamente on May 29, 2018, 09:39:19 AM 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 Title: Re: Bitcoin insurance. Post by: KrishaBitcoin on May 29, 2018, 09:50:27 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 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. Title: Re: Bitcoin insurance. Post by: Jayskie15 on May 29, 2018, 09:58:33 AM 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.
Title: Re: Bitcoin insurance. Post by: Marlo Stanfield on May 29, 2018, 01:31:19 PM 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. I don't think I ever followed up enough to find out what the outcome of the audit was, but I remember it being like BitGo just signing off the second signature with no security checks or anything. Do you happen to remember if there was anything more specific? Of course if Bitfinex had went out of their way to setup their service with BitGo in that way to begin with, it's their fault. But that begs the question of why they would bother having 2 of 3 when the 2nd signature just automatically signs. It's effectively the same as single signature then. Title: Re: Bitcoin insurance. Post by: CAPT.DEADPOOL on May 29, 2018, 01:33:54 PM I think there is no insurance for bitcoin death even when you use bitcoin you do not have insurance because it's not lawful yet that's a good idea to get you lots of bitcoins and games for your family or your next race Hold the bitcoin because it has a future
Title: Re: Bitcoin insurance. Post by: creeps on May 29, 2018, 02:07:24 PM Its a wonderful plan bitcoin have an insurance it can be a big help to the members who need us. If there is an insurance regarding on bitcoin , i think there must be a regulations because it can be turn to a scam if something happen to you and no one works for your claims, especially in a world of cryptocurrency. You'd better to tell someone about your wallet and other details to make sure your money will go to the person you love. Title: Re: Bitcoin insurance. Post by: Sabihtikoy on May 29, 2018, 02:27:59 PM Organisations looking to minimize the risks associated with bitcoin can now obtain virtual currency insurance coverage courtesy of Great American Insurance Group.
Standard crime insurance policies, including Great American's crime policy, currently do not automatically provide coverage for virtual peer-to-peer mediums of exchange. Crime insurance coverage for bitcoins can now be granted by endorsement to an existing crime policy." Title: Re: Bitcoin insurance. Post by: malinin on May 29, 2018, 02:37:14 PM Yes, in fact the idea is not bad. But we will already look at the result.
Title: Re: Bitcoin insurance. Post by: brightology on May 29, 2018, 03:09:02 PM Bitcoin has many function used in ecosystem, where it has a function to change many people situation for good by over night, therefore bitcoin investment is a good one to be a part, or even trading, because is more profitable and full assurance.
Title: Re: Bitcoin insurance. Post by: Aandosq1 on May 29, 2018, 03:13:30 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. The founder of Elliptic Vault said the company was the first company to offer insurance to bitcoin owners Title: Re: Bitcoin insurance. Post by: Jimbo Abu on May 29, 2018, 03:22:04 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. The only thing I know is that I'm not yet here but if it's a good news to say that bitcoin lovers can do great things for that because it's also thanks to this post because it might have been an idea that it could happen. Title: Re: Bitcoin insurance. Post by: mutrang23 on May 29, 2018, 03:23:52 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. No insurance company can accept this service because it is too risky. The Bitcoin market is fluctuating and volatile, so there are no insurance companies that take insurance for investors.Title: Re: Bitcoin insurance. Post by: Gintama214 on May 29, 2018, 03:34:29 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 really haven't heard an insurance company that accepts bitcoin as payment, because I do think that insurance company is not ready to invest to accept bitcoin because it is still too volatile and it is hard to predict the market price. You can try a search on google and probably you can actually see some companies that do this kind of investment that you want. You can check this site if it helps. http://innovationinsurancegroup.com/our-services/bitcoin-brokerage-agency/ (http://innovationinsurancegroup.com/our-services/bitcoin-brokerage-agency/). Good luck :D Title: Re: Bitcoin insurance. Post by: harimauagam on May 29, 2018, 03:40:21 PM Is there bitcoin insurance in this world if there are so many people who would be interested in bitcoin various ways to create new accounts and should be very limited for that insurance.
Title: Re: Bitcoin insurance. Post by: rizkypurwati on May 29, 2018, 04:06:22 PM it's not an easy thing to protect a person's digital assets even for a company even though I've never heard of warranties except the ease of transacting and guaranteeing trading activities but if any company can provide that service I'm very happy.
Title: Re: Bitcoin insurance. Post by: GabrielBrandon on May 29, 2018, 05:45:37 PM It would be a great thing if insurance company provide their service here.
Title: Re: Bitcoin insurance. Post by: luisowens on May 29, 2018, 07:33:04 PM I don’t think anything like that exists. The cryptocurrency market is always fluctuating. The prices are never stable. I don’t think any kind of insurance is available there in the market.
Title: Re: Bitcoin insurance. Post by: brightamo on May 29, 2018, 07:40:37 PM I doubt if there is any insurance for bitcoin. If there is any I think the premium will be expensive due to the risk involve in bitcoin and uncertainty of its future.
Title: Re: Bitcoin insurance. Post by: Elderman87 on May 29, 2018, 08:16:10 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. The workability of an insurance project for cryptocurrency looks weak as the volatility of crypto itself makes it a very risky venture to insure not to even talk of its acceptability. There are few icos that attempted to tow this insurance line. One of them is bitrust but they have been unresponsive for some weeks now. Title: Re: Bitcoin insurance. Post by: BorisVirla on June 12, 2018, 06:59:44 PM It will be very difficult to insure what you can not touch, see. I think there will be a lot of scammers ready to provide their insurance services
Title: Re: Bitcoin insurance. Post by: Odlanyer on June 23, 2018, 03:32:57 PM Yes i'm agree its better if the bitcoin has an insurance because we will safe and secure that protects the world of cryptocurrency every investors.
Title: Re: Bitcoin insurance. Post by: Dukjila on June 23, 2018, 03:44:26 PM The purpose of creating an insurance company is profit. For the cripto market, insurance will go away immediately, too high jumps daily. Or the contribution should be very large and investors themselves will not risk investing money.
Therefore, no one ventured to make insurance for crypto. Title: Re: Bitcoin insurance. Post by: Xising on June 23, 2018, 04:05:06 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 am not so sure if cryptocurrency as a insurance medium would be a good one becauase, in itself, insurance is made in order to be a contingency fund, and so, it should have a value that is stable and unchanging even through time. Just like money that is placed as insurance, its value would not change even after a couple of years; however, if it is cryptocurrency, no one knows what would happen to its value after some years, or if it will still be present after such time. So, it's safer if it is with money. That can only be done if cryptocurrency when its value becomes stable. Title: Re: Bitcoin insurance. Post by: jannatakter on June 24, 2018, 10:53:22 AM Its better the bitcoin has an insurance because we will safe and secure protect the world of cryptocurrency.
Title: Re: Bitcoin insurance. Post by: vonnyaries on June 24, 2018, 10:59:15 AM hmm interesting, i think there are not services like that, that want insurance your bitcoin if anything happen with it, maybe if it exist i think the fee is too high and not worth it, because as i know bitcoin is unstable digital currencies
Title: Re: Bitcoin insurance. Post by: markiplier.jack on June 24, 2018, 11:03:40 AM protect against losses in Bitcoin? these are pure scams. Insurance companies are there that protect companies like Coinbase in case there was a hack or theft and they lost investor fund. But insurance against losses in the market, it's untrue.
Title: Re: Bitcoin insurance. Post by: Zionatin on June 24, 2018, 11:04:42 AM Impossible. NO such thing as insurance for your investment. There is no such thing as risk free. All of these will be scams and there is no way such a service could make its own money. How would they profit if they giving money away? Totally ridiculous.
Title: Re: Bitcoin insurance. Post by: SistaFista on June 24, 2018, 01:36:04 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. be careful if you are searching about it. I think no one want to take the risk of anyone's wallet especially if the risk too big ( huge wallet balance ). Many scammers may offer you some fake services. Your wallet, that is your risk. No one can recover if you lose it. Title: Re: Bitcoin insurance. Post by: zuninholo on June 26, 2018, 04:26:56 AM Insurance of bitcoin is essential For the cripto market, insurance will go away immediately, jumping too high everyday. Or the contribution should be huge and investors will not risk investing money. Title: Re: Bitcoin insurance. Post by: Gaaara on June 26, 2018, 04:33:50 AM You can't find such thing, there is an attempt to do so but they are all failed since most of them are scams there is no one that will trust a same project again. We all know that bitcoin cannot easily be controlled and cannot be predicted by this matter having a company that will ensure your bitcoin is not possible there will be some things that will help somehow ensuring your investment but it only help you ensure and they won't be the one ensuring it.
Title: Re: Bitcoin insurance. Post by: Radio-Active on June 26, 2018, 07:09:12 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 now that kind of companies is not existing i guess. Imagine that how many big exchange wallet will insurance their wallets. big exchange like binance will have very massive risk to be covered with insurance company. Title: Re: Bitcoin insurance. Post by: sakamaku on July 11, 2018, 03:24:27 AM * Bitcoin insurance
Earlier this month, we saw that Bitcoin premiums at Korean exchanges rose more than 43 percent from the US. At the peak, premiums reached 51% in the past month. But if you compare prices on Bithumb's GDAX and Coinbase in Korea, you will see a "14% reduction in premiums in Korea". On Jan. 11, bitcoin premiums remained around 35% between the two exchanges, and even last Friday it remained at over 20%. Since the South Korean government has been negotiating for regulations to crack down on coding in the past few weeks. Are trading floors concerned about people increasing or stopping their trading activities? Or in the future will the government intervene in determining the market price after creating a huge price gap? These are issues that can make the pre-coding market unstable. For more information about coding money please follow the bigcoinvietnam.com website for the latest news, most useful. Title: Re: Bitcoin insurance. Post by: jennyhoang293 on July 13, 2018, 04:33:15 AM I do not see insurance companies providing personal insurance and can only access charges after 12 months of trading. I do not think it covers you personally at all if you have made a mistake that led to your account being hacked or something.
Title: Re: Bitcoin insurance. Post by: Juggy777 on July 13, 2018, 04:38:41 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're none that can do it, you're walking into scam land with a signboard come scam me. Do not even for a split second trust whoever advertises it, as it's purely scam and you'll only be fooled into making a big mistake. Think logically how can any company even give you that kind of insurance, avoid falling for such click baits and be wise not stupid Title: Re: Bitcoin insurance. Post by: erickkyut on July 13, 2018, 05:09:55 AM I think there is no insurance company which offers protection on crypto related investments. It is not profitable for an insurance company to secure something very volatile. In this industry, 90% of investment platforms are scam and even the legit platforms are prone to hacking. I doubt if there will ever be an insurance company which will penetrate the Bitcoin industry. Maybe in the future if there will be regulations on the investments.
Title: Re: Bitcoin insurance. Post by: rexona on July 13, 2018, 05:21:17 AM I strongly agree if there is such a place or service, because it will make the users crypto will be more comfortable and not worry if there is theft by irresponsible people such as hackers.
Title: Re: Bitcoin insurance. Post by: poldanmig on July 13, 2018, 08:35:03 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. what might happen if the government in my country still has not legalized bitcoin as the official currency let alone for insurance for direct payment transactions in my country government still prohibitTitle: Re: Bitcoin insurance. Post by: forestharvest on July 13, 2018, 08:45:52 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 there is an insurance company doing this, this can be a very innovative idea though. However since crypto is not a physical item and the amount of coins in your wallet can change anytime and is not an easy task to track so providing insurance for crypto is a difficult task . Even if there is from what i think it will not be cheap and i believe most crypto users that does not have much assets in their wallet, where they will consider taking up this insurance. Maybe in the future if there is more users this might be something insurance company will consider. Title: Re: Bitcoin insurance. Post by: requiredto on July 15, 2018, 09:24:24 AM Many insurance companies do not automatically pay on demand. It is more difficult to prove because an investigator can not simply ask neighbors if they see a valve removed at home. However, exchanges may decide to place their transaction fees into a trust signed by an insurance company. How are some fiat organizations set up? Not that I recommend storing any bitcoin there, but I believe that companies like Coinbase have some kind of insurance to protect at least a certain amount of loss in the event of theft or loss of their type. But if I'm correct on this then it will work almost as FDIC guarantees on bank account and so on.
Title: Re: Bitcoin insurance. Post by: opendata on July 15, 2018, 06:03:23 PM I have not seen this kind of Bitcoin insurance company if some is then that's pure scams nobody will give u security on Ur bitcoin investment but in future some companies offer bitcoin life insurance services for Ur death claim also they will accept premium in bitcoins its a great idea who wanna start a new insurance company that is totally depends on bitcoins.
Title: Re: Bitcoin insurance. Post by: A Feeder on July 21, 2018, 12:36:56 PM I agree if there's insurance company in bitcoin that is a advantage for investors and the bitcoin will protected and secure and the bitcoin popularly increase, it can be a big help to the members.
Title: Re: Bitcoin insurance. Post by: AlexAtom on July 21, 2018, 02:40:05 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. For now, maybe that kind of insurance still doesn't exist for cryptocurrency because crypto has a high risk to cover. for example if your wallet is exposed and your coins are gone, how the insurance company know that the hacking is not because your mistake ? Anyway, it is still hard to cover your investment because the risk is very high. Title: Re: Bitcoin insurance. Post by: miraj0007 on July 21, 2018, 03:04:42 PM I think Bitcoin works like an insurance. Insurance, such as the risk of death of people, but if Bitcoin does not bear the risk of human life, it can be sold for a lot of profit once it is purchased beforehand.
Title: Re: Bitcoin insurance. Post by: Exchge on July 21, 2018, 03:13:31 PM seems good for the upcoming life, and if anything i might be able to read and follow it too.
Title: Re: Bitcoin insurance. Post by: T o x i c a l on July 21, 2018, 03:20:20 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. Bitcoin-insurance? It's something like if I buy a certain number of bitcoins at 7,300 dollars and sign a contract with an insurance company, then she can guarantee me that in any case will be able to buy from me these coins at this price? In my opinion I've met something on the forum, but I can not say with certainty. Perhaps this is called a hedging of risks.Title: Re: Bitcoin insurance. Post by: CoinFoxs on July 21, 2018, 04:13:40 PM Yes there are some companies which deals in bitcoin insurance and recover your lost amount. One of the known agency about bitcoin insurance is Bitcoin Insurance Agency
At Innovation Insurance Group, They “get” bitcoin, and they set up an agency to handle the insurance needs, from the routine to the unique, of companies in the bitcoin industry. Among the policies they offer are Bitcoin Theft Insurance Directors & Officers Liability Professional Liability Cyber or Network Security Liability BOP Commercial Auto Trade Credit Political Risk Surety Additional Services Title: Re: Bitcoin insurance. Post by: userclix on July 21, 2018, 04:32:27 PM I came across some major global insurers which are starting to offer protection against cryptocurrency theft, namely, XL Catlin, Chubb, and Mitsui Sumitomo Insurance. Usually when big players enter the fray other firms will follow suit to avoid missing out on this rapidly growing business. This is good news for our ecosystem and investors who will now have increased confidence that their investments are protected even further.
Title: Re: Bitcoin insurance. Post by: richardson1128 on July 21, 2018, 04:41:54 PM It won't be easy to have insurance using BTC as modification of payment. Government won't easily agree on this matter. If there exists a project like this then it should be accepted by government and be paying taxes to them which is hard to achieve.
Title: Re: Bitcoin insurance. Post by: Prince Malik on July 21, 2018, 04:43:52 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. We really need ico about that...this is a good idea and all what we see in ico's are just shity ideas and scamsTitle: Re: Bitcoin insurance. Post by: Onecrypto18 on July 21, 2018, 05:02:46 PM Is it really possible to have an insurance company for Bitcoin? How exactly is it going to be managed? Bitcoin uncertainty to me is too high for an insurance company to cater for.
Title: Re: Bitcoin insurance. Post by: Raja_Salman on July 21, 2018, 05:35:09 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. for the moment my country has not existed, because the government in my country has not inaugurated or ratcheted the bitcoin as the prevailing currency so what may be in my country there is insurance against the unrecognized currency of the governmentTitle: Re: Bitcoin insurance. Post by: Tagus45 on July 21, 2018, 05:57:36 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 think if there is insurance against crypto, then crypto value will be more stable and most likely many people will be interested in crypto. Title: Re: Bitcoin insurance. Post by: BartS on July 21, 2018, 06:51:27 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. It is clear to me that there should not be any company offering those services, they will take enormous risks and that means that you will need to pay a lot of money and I have my doubts many people here will want to pay that. since those that could be able to pay for such a service are willing to accept the risks while those that cannot pay want that protection, so to me there is not a business model that can make profits in the long run for such a business which explains why it does not exists.Title: Re: Bitcoin insurance. Post by: qero on July 21, 2018, 06:55:44 PM On technical analysis today is not a day, but a holiday of some sort. From the standpoint of bulls, of course. There are all signs of a local trend reversal up.
Title: Re: Bitcoin insurance. Post by: coinnumber on July 23, 2018, 07:38:03 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 think if there is insurance against crypto, then crypto value will be more stable and most likely many people will be interested in crypto. Title: Re: Bitcoin insurance. Post by: osmo on July 23, 2018, 07:58:08 PM if there is insurance available to protect the investment in bitcoin then I will join, but until now I have not found insurance for bitcoin, maybe in the future there is insurance that guarantees bitcoin investment.
Title: Re: Bitcoin insurance. Post by: doch on July 23, 2018, 08:17:33 PM Is it really possible to have an insurance company for Bitcoin? How exactly is it going to be managed? Bitcoin uncertainty to me is too high for an insurance company to cater for. Yes it is possible but only in such countries where bitcoin is also considered as legal currency, while in such places where bitcoin is still not a legal currency there i do not think that it is possible to in such countries where bitcoin is not yet possible. For example in my country still there is no facilities of giving surely on bitcoin investment. Title: Re: Bitcoin insurance. Post by: juljon18 on July 23, 2018, 09:30:59 PM This is a great idea for an ICO. If there was a project you could truly trust it may be a good way for the newbie to protect themselves against rookie mistakes. I'm sure we will see this pop up somewhere along the line.
Title: Re: Bitcoin insurance. Post by: Nanashev on July 23, 2018, 09:57:06 PM I wish there was something like that to cover bitcoin users but I have not heard or read anything of that sort. Let us hope that very soon we will have companies that will insure our coins. With this, we get more stakeholder and investors in the various bitcoin projects since the risk of losing their money will very minimal
Title: Re: Bitcoin insurance. Post by: hacsoi2799 on July 24, 2018, 06:52:14 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. Insurance for traders accepting BitcoinBitflyer and Coincheck are cooperating with major Japanese insurance companies to provide insurance for traders, protecting them from the risk of unaccountable bitcoin transactions. precision processing. Nikkei reports: "The policies will include losses from improper payments" Title: Re: Bitcoin insurance. Post by: wpc143 on July 24, 2018, 07:02:26 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. Probably, there is no insurance company that is working now to protect the investments here in crypto world. It's hard to build it since this kind of business are not regulated with the banks or in government. All people here are just taking up the risk because they want to gained profits as soon as possible. Title: Re: Bitcoin insurance. Post by: ropyu1978 on July 24, 2018, 07:09:47 AM 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. yes, I agree with you it will be very difficult to enter the logic that notabene bitcoin value is very volatile that easily evaporate anytime. this looks tempting but as you say, most of what has been there is a scam. Title: Re: Bitcoin insurance. Post by: Ava Duvall on July 24, 2018, 07:38:25 AM Insurance of bitcoin is essential For the cripto market, insurance will go away immediately, jumping too high everyday. Or the contribution should be huge and investors will not risk investing money. Title: Re: Bitcoin insurance. Post by: tulezua on July 24, 2018, 07:47:11 AM Insurance of bitcoin is essential For the cripto market, insurance will go away immediately, jumping too high everyday. Or the contribution should be huge and investors will not risk investing money. Title: Re: Bitcoin insurance. Post by: BenRayfield on July 24, 2018, 07:56:54 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. CBOE-the world's top player has applied for an ETF. This company offered the insurance of their ETF for investors.If the SEC approves the bid, it will be a huge breakthrough for the crypt. Title: Re: Bitcoin insurance. Post by: Edeakramer on July 24, 2018, 08:10:00 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. CBOE-the world's top player has applied for an ETF. This company offered the insurance of their ETF for investors.If the SEC approves the bid, it will be a huge breakthrough for the crypt. Title: Re: Bitcoin insurance. Post by: martychubbs on July 24, 2018, 10:54:01 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. as far as I know we are not having something like that but also I have heard that some particular countries are already thinking about providing and insurance services to protect bitcoin investings.Title: Re: Bitcoin insurance. Post by: BartS on July 26, 2018, 06:09:53 PM if there is insurance available to protect the investment in bitcoin then I will join, but until now I have not found insurance for bitcoin, maybe in the future there is insurance that guarantees bitcoin investment. Not going to happen, insurance companies are not in the business of losing money, the volatility of the market will make very difficult for an insurance company to enter in the market, and even if they did, they will need to charge ridiculously high fees so they do not go bankrupt when the price of bitcoin crashes, and I'm sure that no one will be willing to pay those fees and that is why a service like that does not exist, if there was demand for it we will have 10 different insurances companies already in the market but as you know that is not the case.Title: Re: Bitcoin insurance. Post by: rindayle on July 26, 2018, 06:31:21 PM At the moment, many investors do not know all the possibilities of this currency. I think soon all this will be possible. This is a necessary feature, as the investment in the coin is a huge amount.
Title: Re: Bitcoin insurance. Post by: lumon2112 on July 26, 2018, 06:34:44 PM chesno kazuchi, I nikoli not chuv about taki company and nikoli not zustrichav, meni i most bolo b tsikavo podivitisya i read these scho stinks propunyut)
Title: Re: Bitcoin insurance. Post by: Carlos Caprio on August 13, 2018, 06:21:26 AM At the moment, many investors do not know all the possibilities of this currency. I think soon all this will be possible. This is a necessary feature, as the investment in the coin is a huge amount. Because bitcoin is anonymous, how does the insurance company protect it? Whereas those who want to be protected are losses from transactions or losses in the wallet? Insurance companies cannot protect bitcoin, because bitcoin regulation is not standard among countries, some accept, reject, only accept as commodities, and some accept in certain zones. The main problem is that bitcoin has no physical.Title: Re: Bitcoin insurance. Post by: rancakadu on August 13, 2018, 06:32:24 AM in my opinion this positive technology can be used to speed up claim settlement but convincing insurance companies to trust new currencies is not an easy task.
Title: Re: Bitcoin insurance. Post by: pickledmuffin on August 13, 2018, 06:39:11 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. Sounds like a great scam. Unless insurance premiums were a motza, I can't see it happening. Title: Re: Bitcoin insurance. Post by: MelissaPhillips733 on August 13, 2018, 06:39:27 AM GAP600 is an insurance company in the United States used by Shapeshift, Cubits, and Coinify. According to the company's website, it was established in 2015, guaranteeing bitcoin deals for merchants, developers and service providers to allow non-verified transactions.
Title: Re: Bitcoin insurance. Post by: quynhtran722 on September 16, 2018, 03:54:13 AM Exchange seems to be a prominent weakness of Bitcoin. With Bitcoin, you are responsible for your money. You have to keep it really secure, and you need to make sure there are no mistakes in transferring money from A to B. The disadvantage of exchange is that it is a matter of extending the discussion, to anyone with pre-coded money. as usual. It is best not to put money on your wallet at the exchange if you do not need it. Keep in mind that until you have deposit insurance in the pre-coded world, you are responsible for safeguarding your money.
Title: Re: Bitcoin insurance. Post by: Gonzaleti on September 16, 2018, 04:58:12 AM This is a great idea for an ICO. If there was a project you could truly trust it may be a good way for the newbie to protect themselves against rookie mistakes. I'm sure we will see this pop up somewhere along the line. Insurance to protect bitcoin might apply, but I'm sure not now, because bitcoin currently doesn't get clear status in many countries. Some are legal but many also state that bitcoin is illegal. If this happens, how insurance companies can pay claims because bitcoin is anonymous and peer to peer transactions are clearly unknown to anyone.Title: Re: Bitcoin insurance. Post by: Al-e_x on September 16, 2018, 05:50:12 AM in my opinion, there is no insurance company to protect bitcoin assets, besides that, today we still see that bitcoin and the government do not have the same path.
maybe some state government agencies have a duty to protect the wealth of every citizen, including bitcoin assets. but they will not replace bitcoin assets if lost. for a while, we still give confidence to the SEC. Title: Re: Bitcoin insurance. Post by: AfterHot542 on September 16, 2018, 06:02:33 AM No, I don't find and also don't get and news about this but we can hope that soon we can get this kind of feature in bitcoin because it is developing.
Title: Re: Bitcoin insurance. Post by: popsywura on September 16, 2018, 06:11:24 AM Bitcoin currency insurance services to prevents trade-related losses will be positive and good innovative idea can reimburse investors in the events of losses but convincing insurance companies to offer this services will be difficult at this period where bitcoin is not regulated and not generally accepted throughout the world.
Title: Re: Bitcoin insurance. Post by: rexona on September 16, 2018, 06:17:24 AM it's very good if there is an insurance company that protects bitcoin investment, it will definitely make more investors buy bitcoin and invest, but unfortunately until now there is no insurance company that protects bitcoin.
Title: Re: Bitcoin insurance. Post by: Yantoaja on September 16, 2018, 07:17:50 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. maybe that is something that is rather difficult to accept by the insurance world, where as we know cryptocurrency has a very high risk and usually is also rare and very few insurance companies want to provide guarantees to investors due to very high risk. Title: Re: Bitcoin insurance. Post by: visionE2 on September 16, 2018, 07:39:39 AM No, I don't find and also don't get and news about this but we can hope that soon we can get this kind of feature in bitcoin because it is developing. i've found some ICOs which projects is to develop blockchain-based insurance , and i think the development is quite goodTitle: Re: Bitcoin insurance. Post by: hdtqisg on September 16, 2018, 07:43:44 AM I do not think any company does that for you, you want to invest, take risks or make a profit, or use Crypto to stabilize prices. To guarantee!
Title: Re: Bitcoin insurance. Post by: segogoreng89 on September 16, 2018, 07:46:29 AM because the development of digital currency / crypto insurance really needs to exist, and I support the existence of bitcoin insurance, besides that it will make investors safer and more comfortable if bitcoin can be insured. Make bitcoin prices stable again
Title: Re: Bitcoin insurance. Post by: bellator66 on September 16, 2018, 07:50:55 AM Insurance companies cannot protect bitcoin, because bitcoin regulation is not standard among countries, some accept, reject, only accept as commodities, and some accept in certain zones. The main problem is that bitcoin has no physical properties. While those who want to be protected are losses from transactions or losses in the wallet.
Title: Re: Bitcoin insurance. Post by: Panasony on September 16, 2018, 08:32:17 AM If that really is happening then it is a good sign for BTC investment. The private investors can be assured of the large amount of money they spend.
Title: Re: Bitcoin insurance. Post by: Kekenapep on September 16, 2018, 08:38:48 AM I an yet to see or hear of an insurance company covering activities in the cryptocurrency world,this idea will be a wonderful one,though it's gonna be very difficult for an insurance company to trust this system considering it's unpredictability and scam possibilities,but if this is possible it'll give investors some sort of confidence to put their money into projects knowing fully well that their cash is insured.
Title: Re: Bitcoin insurance. Post by: stigmacryptonight on September 16, 2018, 08:41:56 AM I think, regarding insurance using BTC is not easy. Need several processes related to legal policy. And it will be difficult until now the government in some countries is still doubtful about the presence of BTC
Title: Re: Bitcoin insurance. Post by: erifubirugen on September 16, 2018, 08:44:37 AM Yes, i have seen an ICO about that but it was scam. Actually if you look into the idea you would understand that this is bullshit. Think about someone gives you insurance and you pay him and when the bitcoin market looses he pays you back. This is only something ridiculous :)
Title: Re: Bitcoin insurance. Post by: cabron on September 16, 2018, 09:00:22 AM Having your bitcoin in a wallet where you have the private key is an assurance that its safe. No one can take that away from you and that you need no insurance company for it. I haven't really know some projects that offers insurance of the BTC but if there is there really a company offering they must have promise something thats way good to be true. Title: Re: Bitcoin insurance. Post by: valisa on September 16, 2018, 09:12:16 AM until now I have not found a guarantee that guarantees investment in bitcoin, my opinion there will be no insurance that will guarantee it, if there is maybe only in countries that have legalized bitcoin while in my country bitcoin is still illegal
Title: Re: Bitcoin insurance. Post by: pinoyden on September 16, 2018, 09:22:54 AM until now I have not found a guarantee that guarantees investment in bitcoin, my opinion there will be no insurance that will guarantee it, if there is maybe only in countries that have legalized bitcoin while in my country bitcoin is still illegal on our country , bitcoin is already legal but i dont see any organizations or company that offers insurance when it comes to bitcoin investments . maybe other investments that is already been proven and trusted for years . bitcoin being insured wont ever happend in my opinion because it is not hold by banks or any other intitutions , in short bitcoin is decentralized and that makes it more unique than any other types and kinds of investments . Title: Re: Bitcoin insurance. Post by: Ekimzjames20 on October 08, 2018, 04:31:49 AM until now I have not found a guarantee that guarantees investment in bitcoin, my opinion there will be no insurance that will guarantee it, if there is maybe only in countries that have legalized bitcoin while in my country bitcoin is still illegal on our country , bitcoin is already legal but i dont see any organizations or company that offers insurance when it comes to bitcoin investments . maybe other investments that is already been proven and trusted for years . bitcoin being insured wont ever happend in my opinion because it is not hold by banks or any other intitutions , in short bitcoin is decentralized and that makes it more unique than any other types and kinds of investments . It is very good if they have insurance but i did not heard or seen like than. Maybe it will happen in the future, if the government legalised the bitcoin. Title: Re: Bitcoin insurance. Post by: ice18 on October 08, 2018, 04:51:47 AM Insurance for what? In this time I dont know any financial entities who are offering insurance for holding or investing in btc the volatility is very high in btc thats why insurance companies are not interested to insure bitcoin holders its a big loss if bitcoin devalued.
Title: Re: Bitcoin insurance. Post by: jimskiy on October 08, 2018, 05:12:40 AM bitcoin insurance is really good, where not only for insurance but also could be investment where for long term investment we can take much profit later with bitcoin price will be higher and growing.
Title: Re: Bitcoin insurance. Post by: pat4cryptoreal on October 08, 2018, 05:24:29 AM Anytime I see any campaign that is cryptocurrency insurance company I don't participate both in the campaign and ICO, because I it can never be realistic. I don't believe in such ideology. Bitcoin is buy at your own risk business.
Title: Re: Bitcoin insurance. Post by: Cryptomania843 on October 08, 2018, 06:12:51 AM Bitcoin can always be interesting as insurance. In some countries like the United States people can have good health insurance. It costs seemingly very expensive and few people can afford it. I saw ICOs taking care of everything and making it easy for everyone. Everyone must have access to health insurance and I am glad to see that this ICO have an interesting project. I am therefore for insurance.
Title: Re: Bitcoin insurance. Post by: Anies_Sandi on October 08, 2018, 06:16:46 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. for now there may not be because cryptocurrencies have not been fully inaugurated or legalized by all countries and become an official and legal currency there may be insuranceTitle: Re: Bitcoin insurance. Post by: syaripudin on October 08, 2018, 06:17:14 AM losses in terms of bitcoin investment are now fully held by exchange site developers like some time ago from one of the hacked exchange sites, causing losses to every investor who stores digital assets on the site but in the end the exchange site developer fully compensates for the losses received.
Title: Re: Bitcoin insurance. Post by: SimonJones on October 08, 2018, 06:55:29 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. Not sure about this but I really wish for it. Title: Re: Bitcoin insurance. Post by: n0ne on October 08, 2018, 07:04:07 AM There were several crypto projects that were under development for the insurance and other service needs. No project has evolved to function providing security for the investments similar to the insurance service offered on the real life by various financial firms. Hope these services can be found over the cryptocurrency community in the upcoming years.
Title: Re: Bitcoin insurance. Post by: Maricel2017 on October 08, 2018, 07:48:00 AM Its nice to hear if there will be a insurance company to insured investment in bitcoin or putting it to them with contract, but i do not think no company will do that because that is too risky business to hold huge amount of money once the wallet will crash and fraudster in the company will build up when they see huge amount of money.
Title: Re: Bitcoin insurance. Post by: enjotan on October 08, 2018, 07:56:12 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.
Title: Re: Bitcoin insurance. Post by: Fatanut on October 08, 2018, 09:18:42 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. Title: Re: Bitcoin insurance. Post by: Metall303 on October 08, 2018, 10:01:58 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.
Title: Re: Bitcoin insurance. Post by: Payme21 on October 08, 2018, 10:13:00 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
Title: Re: Bitcoin insurance. Post by: rumexx on October 08, 2018, 10:18:32 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.
Title: Re: Bitcoin insurance. Post by: FrancePG on October 08, 2018, 11:11:09 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.Title: Re: Bitcoin insurance. Post by: Siren on October 08, 2018, 11:12:44 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 Title: Re: Bitcoin insurance. Post by: ethereumhunter on October 08, 2018, 12:25:02 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 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. Title: Re: Bitcoin insurance. Post by: Yantoaja on October 08, 2018, 03:57:05 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. 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. Title: Re: Bitcoin insurance. Post by: pundit on October 08, 2018, 04:48:46 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. Title: Re: Bitcoin insurance. Post by: 131tc01n on October 08, 2018, 04:54:00 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 fraudTitle: Re: Bitcoin insurance. Post by: bitezoid on October 08, 2018, 05:00:10 PM It really is hard to find some insurance company for that and harder thing is finding somthing that is not scam!!!
Title: Re: Bitcoin insurance. Post by: Qurelal on October 08, 2018, 08:07:14 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.
Title: Re: Bitcoin insurance. Post by: BTalarmus on October 10, 2018, 08:21:51 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.
Title: Re: Bitcoin insurance. Post by: tanxpresisit514 on October 27, 2018, 07:27:46 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.Title: Re: Bitcoin insurance. Post by: Addywealth on October 27, 2018, 07:35:02 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.
Title: Re: Bitcoin insurance. Post by: sunsilk on October 27, 2018, 09:18:02 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. Title: Re: Bitcoin insurance. Post by: Dextract on October 27, 2018, 09:29:11 AM Better than an Online Insurance is going to a pHusical Insurance and applying an Insurance for Digital Goods
Title: Re: Bitcoin insurance. Post by: Jasad on October 27, 2018, 10:14:46 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 Title: Re: Bitcoin insurance. Post by: Kurevazeyo on November 19, 2018, 03:33:47 AM 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. |