Can crypto Insurance be a next big thing?

[cryptosix 1643]

1 hour ago, Wish107.5 said:

Maybe Insurance are covered if exchanges are hack but if this happens on your own fault insurance are never cover that,  so exchange need to study this before implementing. 

Yeah that exchanges should need to study and learn everything..

Then, what should be implemented for insurance? An online insurance is very hard for these online exchanges. Here we have two types of insurance for offline business. one is private and the other is covered by Govt.

 

[ElChupakabra 64]

Yes it is. In fact, it could save your money to rather than the government bank insurance.

[ASDFGHJKL17 267]

Of course crypto can be next a big thing, because as of now crypto is really a big help to anlot of people here but we're not yet sure but it only depends on crypto, it depends on their process, progress and ways. 

[Afrizal rahman 2636]

Yes, we need insurance where compensation costs are included. crypto should have created that too. maybe later crypto will make that happen.

[Brushless4500KV 4214]

Yes, I think insurance is a good idea. We should pay a fixed amount of cryptocurrency to an insurance organization every month and they will secure our crypto investments. A crypto insurance organization must have a huge mining farm with lots of specialized hardware to be able to mine each coin to pay cryptocurrency coins to those who have lost their money or got scammed. So, starting an organization like this needs a lot of investment and collaboration of authorities. But there is a problem too. If scammers know that their victims can recover their lost investments, they may try to scam more people because they think whatever you lose, you will gain again!

[rekter 8129]

On 10/24/2019 at 7:04 PM, silvousplaitxz said:

Crypto crime rate has increased significantly. Exchanges which control most of the trading volume and also act as a storage place for cryptocurrency have become an easy target of hackers. So, could insurance be a promising sector in cryptocurrency or there are drawbacks to it?

That depends on the custody of those insuranced coins. It's pretty hard to prove that you got hacked if you holded the coins in your own wallet instead of you didn't just move them to other account.

[shohana 34]

Crypto transgression pace possesses increased significantly. Transactions which often management the vast majority of dealing level and as well represent some sort of storage devices area intended for cryptocurrency have grown an uncomplicated concentrate on connected with online hackers. And so, could possibly insurance policies become a ensuring segment with cryptocurrency or maybe you will discover cons going without running shoes?

[Obydullah 65]

Hello brother insurance is always promising.if you create an insurance you can return damag benifit or loss parcentage by insurance company.crypto currency is always risky if you can insurance you crypto it is good i see some website they can insurace your currency you can recived other currency like paypal netteler or bank.Again you need same amount crypto you can make paymnt and recived from there.

[bliznec 22267]

Of course, crypto insurance can get a very positive mark in cryptocurrency and blockchain. This is a signal to have an insurance pole. 

[andrehol 16294]

I think crypto exchange insurance is very risky. How will the exchanges prove the fact of hacking? Or the fact of cryptocurrency loss? After all, insurance companies and so often become a target for scammers.