What is crypto insurance, how does it work, and do you need it?

In this week's Crypto Knight column, we delve into the world of crypto insurance and explain the types of insurance available for your digital assets.

From cyber attacks to rug pulls, the cryptocurrency world remains a rather exposed industry and 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 even if an unfortunate incident takes place is through crypto insurance, which promises the protection the investors seek.

In this week’s column, we delve into the world of crypto insurance and explain the types of insurance available for your digital assets.

The basics

Crypto insurance is a policy designed to protect investors against any losses associated with crypto scams and cyber attacks. Most exchanges like Coinbase, Binance, etc., already have some insurance to protect the digital assets they hold for their customers.