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 Don’t miss a chance to get your Xmas gift! The CRYPTOINS team is ready to take care that you don’t worry about the security of your crypto assets. At this time it is especially important to spend time with family and close friends. Get a discount on the crypto insurance of your account on top exchanges. Make a policy before January 15, 2019 at half price. #XmaswithCryptoIns |
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Total available capacity for crypto-related crime insurance placements starkly lags demand,” said Jacqueline Quintal, financial institutions practice leader at insurance broker Aon Risk Solutions,
Insurance is critical for getting institutions to invest because unlike stocks and bonds, crypto is for all intents and purposes a bearer asset. Once a thief obtains the private keys to a wallet, the money is gone, like cash or jewelry pilfered from a safe.
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You repeatedly mention that you are planning to create scorings and ratings. Tell me, which of the exchanges is currently the safest?
Is it possible to evaluate it at all? and what amounts are you willing to insure? |
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Hey guys! How is your technology implemented on exchanges?
Hello! Currently, insurance is carried out through the website of the service Cryptoins. In turn, the exchanges, by means of direct mailing, can announce the possibility of insuring clients’ assets. In the future, we are considering the possibility of introducing banners and pop up panels to the sites of various exchanges. What are you interested in? |
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Everyone knows that from a legal point of view there re a lot of questions ‘bout the majority of projects in the crypto industry. U also face strict insurance regulations on top of that. What legal issues did u have to solve?
Well, quite good question. So our platform is backed by a clear legal entity — Swiss insurance broker ASPIS SA. Finding a suitable insurance company was one of our main goals. The traditional insurance market is very tightly regulated by local authorities in different countries. This includes licensing, extremely tough requirements for the storing of reserves, insurance rates, reporting and much more. As a result, there are very few companies who are both legally able and willing, because of the inadequate legislation among other things, to form reserves, and receive and make payments in cryptocurrency. But we found such a company — Selecta Insurance and Reinsurance Company (Caribbean) Limited, who is able to perform all of the above operations using cryptocurrency according to local legislation. Additionally, our insurer is interested in developing new insurance products for new markets. |
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How do you assess exchanges?  We developed a scoring model in partnership with Group IB, a well-known company with a long history in cyber security. They are one of the leaders in their field in Eastern Europe. Based on this scoring model, we deemed 24 exchanges and wallets eligible to be insured. Obviously, they are fairly large exchanges with extensive customer bases and high traded values. As for the other exchanges with an unclear level of risk, we have developed a special approach to form an insurance fund at the expense of the exchange, which functions as a franchise. In the event of a loss, this fund will initially be used to cover it, with subsequent indemnification from the insurer. It gives the exchange incentive to ensure stable operation. |
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CRYPTO INSURANCE First online service of insurance for personal accounts on cryptocurrency exchanges and in wallets. |
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Great team and advisory board. This kind of project the whole world need right now. They already have mvp and everything ready. I really love this project and wish them to get the proper success
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Main stage of ico is soon. What will be the price in the first week?
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I heard about the meeting in the Philippines. Where can I find information about it?
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When will your project pay off?
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Is there any bounty group?
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What payment methods are accepted?
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What exactly does the platform offer? People should get better understanding what it is valuable for
MyCryptoBank — is an online bank allowing any client registered in the electronic bank system to make a full range of bank operations, additional operations with cryptocurrency based on Blockchain technology without visit of department. In simple words, MyCryptoBank provides services of client’s remote access to accounts, products and bank services in order to make banking operations. Thanks for the explanation. So this is like a traditional bank but for cryptocurrencies? |
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What exactly does the platform offer? People should get better understanding what it is valuable for
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Blockchain is already the present so any project based on it has great potential. Good luck, I can’t wait to see it hitting the exchanges!
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What is the minimal payment?
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What profiles and accounts do you have? Where can I join you?
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