How can individuals and businesses purchase cryptocurrency wallet insurance?
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Individuals and businesses can purchase cryptocurrency wallet insurance through select custodians, such as those offered by Boost. Boost’s Crypto Insurance product is currently the only insurance on the market that is available to retail wallet holders. Crypto Shield is another insurance product that serves as the first insurance product for individual wallet holders. However, it is currently unclear if Crypto Shield is still available as the website link provided no longer works.
It is important to consider the need for insurance for your cryptocurrency wallet as it can protect against potential losses due to hacking or theft. While homeowners’ insurance policies may provide some limited coverage for losses, it is important to check the terms of the policy and consider additional insurance options.