Cryptocurrency insurance gives investors a way to safeguard their digital fortunes against theft and loss. These currencies, such as Bitcoin and Ethereum, are more relevant and prevalent than ever before, and so are the risks associated with them. Millions of dollars worth of digital currencies are being stolen every single week, and investors are left powerless as the anonymous nature of these coins essentially covers the criminals’ tracks and leaves the investor out of pocket.
This anonymity is one of the main reasons why investors shy away from the digital currency market. It’s also the reason behind countless horror stories that have spread like wildfire since these currencies rose from the digital ether just under a decade ago.
WHAT IS CRYPTOCURRENCY INSURANCE?
Cryptocurrencies are being targeted by online criminals because of the very things that make them such an appealing alternative to fiat currency: anonymity, availability and accessibility.The relatively short history of Bitcoin is littered with stories of large-scale hacks, and these are so widespread that a small-time investor is exposed to just as much risk as a large-scale exchange.
Cryptocurrency insurance provides some protection against such eventualities, giving the investor the peace of mind that has, until now, simply not existed in the cryptocurrency sector. It guards against loss, which means investors can build and trade their fortunes without worrying that a single hack or malicious attack will eradicate all of their fortunes.
WHY IS CRYPTOCURRENCY INSURANCE SO IMPORTANT?
Cryptocurrencies are trading for billions of dollars and have a combined market cap of around $300 billion, an amount that is predicted to be as high as $5 trillion in a few short years. The average investor holds thousands of dollars worth of these digital coins, and because these coins are held in a virtual space, and not a physical vault, they are more exposed.
A precious metal investor may choose to keep their gold/silver bars in a safety deposit box, where they are insured by the bank, or at home, where they are insured by home insurance. An investor of collectibles may choose to do the same, while someone hoarding fiat currencies in bank accounts are covered by those banks and by the regulators that oversee them. A cryptocurrency investor, on the other hand, has no such guarantees, and that’s where cryptocurrency insurance comes in.
This insurance provides the security that an investor needs and allows them to grow their investment safe in the knowledge that they will be covered in the unlikely event it is stolen.
WHAT DOES CRYPTOCURRENCY INSURANCE COVER?
Cryptocurrency insurance does not guard against volatility, which is rife in this sector, but it does guard against theft and loss. Our cryptocurrency insurance Toronto service is available to consumers throughout Canada and offers complete protection against hacks and scams that result in the loss of digital currencies.
WHO NEEDS CRYPTOCURRENCY INSURANCE?
Anyone who invests in cryptocurrencies, holds a substantial amount, or runs a business that processes them, can benefit from our cryptocurrency insurance in Toronto. If you are thinking about investing in these currencies but have always been concerned about the risks associated with them, then cryptocurrency insurance can help to ease you into a secure investment.
This insurance is also available to companies that transact in cryptocurrencies, including e-commerce websites that accept them as a payment method and store the resulting income, as well as exchanges that trade with large amounts of them on a daily basis.
WHY GO WITH KASE INSURANCE?
KASE Insurance is one of the top cryptocurrency insurance providers in Toronto, with years of experience, a highly specialized team, and a customer centric approach that sets us apart from other insurance firms.
We have been recognized as a leader in customer service and innovation, and are always looking for ways to improve our service. We are one of the few companies in Canada that provides cryptocurrency insurance, and it is this innovation and willingness to move with the times that has taken the KASE Insurance name to the very top.
I had the pleasure of working with Arian Ebrahimi at KASE Insurance. He was very knowledgable about the industry, was very responsive throughout the whole process. I felt that he acted in my best interest and I would definitely recommend him to anyone!
I had a really hard time finding home insurance for short term rentals until I found Kase Insurance! They were really helpful in finding me an affordable home insurance for my Airbnb unit!
The KASE team helped us in arranging the best possible insurance policy for our business. We were very impressed by their overall knowledge and effort in getting us the right the policy. Highly recommended!