Best Crypto Insurance In 2023: Safeguard Your Assets

Discover the top crypto insurance options to protect your digital assets and secure your investments.

best in class
Full cover
  • Yes
Supported Crypto
  • 100+
Supported chains
  • 20+

More details

If you're looking for a trustworthy option to protect your digital assets against possible threats, might be your solution. This innovative insurance protocol offers a range of insurance products catering to DeFi users and all users. prides itself on being a complementary player in the DeFi Insurance space, providing essential coverage against fraudulent activities and other potential threats to your crypto assets and investments.

  • Low cover premiums.

  • Cross-chain coverage.

  • Multi-chain accessibility.

  • No KYC is required.

  • Lacks an interactive interface.

up and coming
Full cover
  • Yes
Supported Crypto
  • 120+
Supported chains
  • 6+

More details

If you're worried about the risks of investing in cryptocurrencies, InSure DeFi offers an excellent insurance system for your crypto portfolio. They use several layers of protection to ensure any damages are taken care of quickly. This is especially helpful for anyone concerned about cyber-attacks or hacking incidents. It's a pretty affordable option for beginners and pros, but it might be expensive for those with bigger portfolios since fewer features are available.

  • Portfolio protection on digital assets.

  • Offers a decentralized approach.

  • 50-100% asset protection.

  • Offers 24/7 Support.

  • Has limited features and offerings.

  • Insufficient risk assessment for pricing premiums.

  • Expensive pricing for full coverage.


Crypto insurance provides coverage for crypto businesses and their clients against the risks associated with operating in the cryptocurrency space. It typically offers protection against directors’ and officers’ liability, errors and omissions, cyber liability insurance, and other exposures.

In short, crypto insurance transfers the risk of loss from the insured to the insurer through a smart contract or agreement, thus allowing the insured to recover losses should an incident occur. Cryptocurrency businesses often take extra security measures such as wallet protection and encrypted data transfer when obtaining the best crypto insurance.

When choosing a crypto policy, consider coverage amounts, premiums, deductibles, claim limits, exclusions, and response time. Additionally, looking for an insurer with experience in the industry who can provide tailored coverage protections specific to one’s business needs is essential.

You don’t have to search for the above, as we have provided you with the best crypto insurance in the market.

What is Crypto Insurance?

Crypto insurance is a revolutionary form of financial security that shields crypto users and businesses from loss or theft due to malicious activity, like fraud and cyber-attacks.

This coverage protects against the potential damage caused by unauthorized access to digital currencies for individuals and enterprises. Blockchain and cryptocurrencies are changing the way the insurance industry operates.

what is crypto insurance
Financial Security.

By offering comprehensive coverage plans, crypto insurers help ensure investors peace of mind when engaging in cryptocurrency activities. Not only does this type of policy provide a higher level of security to the crypto wallets of users, but it is also cost-effective compared to traditional asset insurance. Investors do not need to move crypto around crypto wallet now or manage multiple private keys to secure digital assets.

Importance of crypto insurance in the crypto industry

The best crypto insurance gives crypto investors stability that their assets are protected from unforeseen events like protocol hacks, rug pulls, and involvement of online hackers in theft/scams. This allows them to transact with digital currencies without fear of financial loss safely.

In addition to protecting from potential losses, crypto insurance can help professional risk solutions provide cost savings compared to traditional asset protection methods.

With lower premiums and less restrictive coverage limits, digital currency users have greater security at a fraction of the cost. Crypto insurance has become an indispensable tool for mitigating risk, affording investors more trust and stability as they explore new opportunities.

How does crypto insurance work

Crypto insurance is divided among blockchain-based platforms and conventional insurance acquired from well-known insurers or markets. Blockchain policies are created by and for crypto asset owners. With digital assets, natives can rest assured that decentralized insurance protects their investments in case of an unforeseen incident.

Blockchain-driven mutuals in the insurance world utilize the paths on which smart contracts and collective pricing protect individuals and businesses.

How does it work

Thanks to the blockchain, which records all relevant transaction details, including size and terms, policies, and claims that are addressed quickly with community-driven arbitration in case of disagreements. Publicly traded firms or regulated asset managers often need commercial insurance if they choose to invest in cryptocurrency assets.

The insurance industry has always taken an investment interest in crypto. Yet, due to the massive range and value of digital assets over recent years, coupled with heightened demand from their clients, they have been prompted to expand their coverage options drastically.

This journey has grabbed the attention of a few of the biggest insurers worldwide, which presents an unparalleled opportunity for both parties. The policies and crypto investments put forth by these insurance companies could generate billions in demand for cryptocurrency markets, consequently advancing its adoption rate. So, this is the chance to expedite market entry and fuel crypto’s growth potential.

Types of Crypto Insurances

Crypto insurance for individuals

Crypto insurance for individuals opts to directly sell insurance by providing an extra layer of security for accessing tokens and transactions for investors handling their digital assets in the risk marketplace.

This type of coverage for individuals helps to cover negligence and errors, liability for damages to third parties, security breach expenses, and other related losses. As a result, it gives people peace of mind that all is being cared for in case something occurs.

With these new insurance services and protocols for individuals trading crypto, customers have the added flexibility and confidence they need regarding cryptocurrency investments.


  1. It safeguards traders from the potential dangers of cyber theft, scams, and other unfortunate events that could cause them to lose their digital assets. With this in place, individuals are not at risk of incurring losses.
  2. It reduces the risk of trading cryptocurrencies and other digital assets while providing a safety net in the event of losses in the crypto market and purchase protection.
  3. Its policies can be customized to fit the needs of individual traders, allowing them to choose the level of coverage they need.
  4. It is relatively affordable, especially compared to the insurance cost for directors and officers.
individual traders in crypto


  1. Cryptocurrency insurance for individuals often provides limited coverage. For example, most policies will only cover online hacks or theft losses.
  2. It is also not available in all countries. In some jurisdictions like Iran, insurers cannot offer this service.
  3. It’s also important to note that cryptocurrency insurance may not be worth some traders’ costs. If you’re a risk-averse investor comfortable with holding onto your coins for long-term growth, this type of coverage may not be necessary.

Directors and Officers

Directors and officers’ crypto insurance policy protects directors, officers, and relevant companies from damages from professional or legal liability issues. This coverage safeguards individuals who may be personally liable for corporate decisions or misjudgments and protects their financial interests.

When obtaining cryptocurrency insurance, it’s crucial to do thorough research to determine which policy best suits your needs. Factors to consider include the extent of coverage, the premiums charged, and the insurance company’s reputation in the market. It’s also vital to carefully read the policy’s terms and conditions to ensure no hidden clauses or exclusions could lead to problems when making a claim.

Directors and Officers cover capacity


  1. By implementing federal deposit insurance corporation policies, companies can safeguard themselves from financial losses attributed to illegal or criminal activities by personnel, board members, and shareholders. These preventative measures will help protect cryptocurrency companies against costly litigation fees and losses caused by improper dismissal, defamation claims, mismanagement issues – even gross negligence.
  2. By implementing protective policies such as directors and officers insurance (D&O), organizations can safeguard their credible reputations in the event of any accusations or breaches of trust.
  3. A crypto D&O insurance policy lets stakeholders in a cryptocurrency business have peace of mind, knowing that their financial losses will be protected if any undesirable circumstances arise.


  1. Premiums can be expensive, even prohibitively, especially for individuals and small firms.
  2. A crypto insurance policy might offer coverage on the holdings of crypto assets against theft or loss due to cybercrime. Still, it cannot protect the investor against volatile market movements. The crypto assets’ value could still be subject to sudden drops due to changes in demand or supply. 
  3. While these policies are often helpful, it’s essential to be aware of their potential limitations and exceptions that may reduce their overall usefulness.

Errors and omissions (E&O) crypto insurance

Errors and omissions (E&O) crypto insurance is an indemnity for professionals in rapidly developing tech fields to cover any code errors against potential security breaches and verify insurance claims. This type of tech E&O insurance ensures you won’t be left with the financial burden in the event of a programming problem that exposes you to legal liability.

Choosing coverage from an insurance company that solely underwrites insurance for blockchain and cryptocurrency users can ensure the best protection as these technologies evolve rapidly.

Cryptocurrency coverage ensures your company’s protection against significant financial issues. Most insurance companies use a smart contract protocol to automatically perform financial functions on the blockchain and commercial risk solutions. This protocol pays out the pool funds to the insured party from the insurance fund.


  1. Errors and omissions Crypto insurance offers coverage, and there is a lower risk of losses within the company to the insured party, which keeps finances in check and helps protect against potential threats.
  2. Crypto insurance of this type is an ideal way to initiate proactive risk management and assess the existing procedures for improvement.
  3. These policies ensure that the operations run smoothly and efficiently, keeping track of all oversight and compliance procedures. It identifies areas where more attention is needed so nothing gets missed out on accountability.
Errors and omissions in cryptocurrency exchange


  1. Cryptic insurance errors and omissions typically do not cover crypto exchanges since these involve third parties, making coverage difficult. 
  2. It is essential to document your transactions thoroughly to ensure that you receive your compensation from E&O crypto-insurance funds. This way, you will be better equipped if a situation arises in which an insurance claim must be filed against the company. 
  3. Mistakes in computing taxes or other information could lead to the denial of a claim by the insurer.  

Cyber liability crypto insurance

Cyber liability crypto insurance is a measure to protect your business against any financial losses that might result from malicious cyberattacks, including user data loss, legal fees associated with penalties, or system breaches. Many companies offer this coverage form, so you will surely find one suited to your needs.

Decentralized cyber liability insurance can protect businesses from losses due to security breaches on crypto exchanges and brokerages. To get insured, companies must provide details of their IT infrastructure, including user numbers and encryption methods to protect their funds.

Companies can secure customized insurance policies tailored to their needs and assets by providing details. This coverage protects firms from incurring monetary losses due to data breaches or other digital assaults on their business. In short, it’s an invaluable safeguard against the financial risks associated with cyber-attacks and provides financial protection overall.


  1. Taking advantage of premium insurance coverages ensures your accounts are safe against criminal activities like theft and online hacks. Consequently, those looking to wreak havoc or steal operations will be unlikely to target insured accounts.
  2. With this type of insurance, you can be financially reimbursed for damage to your online reputation and legally defended against third-party claims. 
  3. You may face fines and charges if your clients endure a security breach. Having dependable cyber insurance would shield you against those claims, keeping you safe from complications due to damages inflicted.
cyber liability crypto insurance
Cyber Liability.


  1. Although some policies may have broad definitions, there could still be specific cyber attacks that fall outside of their scope.
  2. Waiting for a claim to be processed can take an eternity. This lengthy wait period hinders businesses from returning and recuperating from the losses they have sustained.
  3. Depending on how exposed those areas are to potential cyber threats, specific locations may result in higher premiums.

Factors to consider when choosing crypto insurance


When it comes to selecting crypto-insurance, coverage is the most critical element. Ensure the policy covers your desired assets stored in your hardware wallets or elsewhere. Review all details before buying insurance to ensure coverage for specific investment funds and secure the ability to make claims.


Costs for crypto insurance policies can be high, so it’s essential to ensure you get the most out of your investment. Compare premiums from multiple insurers to ensure you’re getting a great deal on your policy.

cryptocurrency insurance premiums
Insurance Premiums.


Selecting a policy with an acceptable deductible that you can handle in case of any future claims is essential. A deductible is a sum you must pay out-of-pocket before your insurance fund automatically begins covering it. Make sure the amount will be, at most, what you can reasonably afford!

Claim Limits

Claim limits are another thing to remember when choosing crypto or decentralized finance insurance. Some policies may only cover claims up to a certain amount. It’s crucial to ensure that your policy covers the full value of your assets in case of loss or theft.


The policy does not cover exclusions, which can vary from insurer to insurer. Ensure you know any exclusions before purchasing a policy to see what you are and are not covered for.

Exclusions in crypto exchange policy


When insuring your cryptocurrency, it is essential to understand the different types of policies and what they cover. You also want to be sure that the policy you choose has adequate coverage for your needs.

When choosing a policy, crypto and retail investors should consider premiums, deductibles, and claim limits. And finally, read the fine print to know of any exclusions that could leave you without coverage when needed.

Insurance in the crypto industry must rise to meet the challenges of the future wave of cryptocurrency. Due to technological advances, insurers can now cover cryptocurrency and DeFi business objectives through centralized or decentralized insurance options.

As blockchain steadily gains traction, crypto, and DeFi insurance are imperative for individual users and any business model. Customers can rest assured that their assets are protected against hazards during digital transactions. At the same time, companies are safe from potential risk. Crypto insurance ensures a secure environment for all parties involved.

Consequently, providers must keep up with emerging developments to stay ahead in this expanding market trend.

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