From cyber attacks to rug pulls, the cryptocurrency world remains a rather exposed industry; therefore, investors are increasingly looking at ways to protect their assets from being stolen. While there are several methods to do this, one particular way to get your money back, whether or not an unfortunate incident occurs, is through crypto-insurance, which usually promises the protection the investors seek.
In this week’s column, we delve into crypto insurance and explain the types of insurance available for your digital assets.
Crypto insurance is a policy to protect investors against any losses associated with crypto scams and cyber attacks. Most exchanges like Coinbase, Binance, etc., already have some insurance to cover the digital assets they hold because of their customers.