Theft Cover

Insured protection for your cryptocurrency, peace of mind for you.

Coincover Theft Cover is the first in delivering personal protection for your cryptocurrency backed by insurance. There is no longer a need to worry about your crypto wallet being hacked and your funds stolen, providing you with peace of mind that does not exist in the world of crypto today.

Prevention & Cure

When you hold cryptocurrency, you are likely aware of the risks of your funds being stolen. Our Theft Cover addresses this risk head on.

Affordable Rates

Our protection start from as little as 0.75% per annum with cover levels to suit all needs. We accept payment in Bitcoin, Ethereum and Fiat currencies.

Fast Payouts

If the worst does happen, you can be assured we will help fix a bad situation fast. With payments made within 48 hours of a valid claim.

Key features

Direct ownership

Maintain full control of your assets, passcodes and private keys.

Fast payments

We process claims quickly and make payouts within 48 hours of a valid claim identified.

Low costs

Protection from as little as 0.75% fund value per year.

No excess

No initial deductible to pay in the event of a claim.

Flexible cover levels

Increase and reduce insurance cover as required.

Unlimited Wallets

Protect as many wallets as you like within agreed cover limit.

Cover for most coins

Protect 200+ coins and tokens in your own wallet.

In partnership with industry leaders​

We are regulated by the UK Financial Conduct Authority.​​

Backed by A-rated Lloyds of London insurers we are the first and only company offering insurance backed theft protection for personal, online wallets.​

Benefits

Annual Protection​

Insurance backed cover against theft from a range of attacks underwritten by Lloyds of London A-rated insurers.​

24/7 Wallet Monitoring​

Protected at all times with early-warning alerts for suspected theft.​

Custom Cover Levels​

We work with you to understand your requirements and recommend the right cover level for you.​

Fast Onboarding​

It only takes minutes to set up an account to ensure you have a lifetime of key storage and access to funds.​

Peace of Mind​

The assurance of having your assets fully protected, allowing you to focus on the opportunities to be had.​

Protection Against Hacks​

Most attacks covered including brute force, cyber, scams, malware, device theft, insider theft and extortion.​

Featured products​

Coincover Theft Cover can be found in products from several leading digital wallet providers, exchanges and other crypto platforms.​

Featured technologies​

Coincover Theft Cover provides insured protection for your cryptocurrency, and peace of mind for you.​

Multi-Sig Wallets

With the highest levels of security Multi-sig wallets are the safest way to store crypto assets online so trading is always an option.​

2FA Security​

Coincover integrates two factor authentication across the customer journey making it harder for hackers to gain access to an individual’s online account.​

Lloyds of London​

Insurance underwritten by Lloyds of London members.​Coincover offers the most comprehensive theft protection available for crypto.​

AI Monitoring​

24/7 wallet monitoring that is always protected ​ with early-warning alerts for suspected theft.​

Cryptocurrency Theft​

Hackers have stolen over $4 Billion of cryptocurrency in 2019 alone, up from $1.7 Billion in all of 2018. 2020 will be no exception, with even more crypto assets to be stolen. ​

Don’t add to this statistic, act now and get covered with Coincover today!​

Coincover Theft Cover pays out the value of your funds at the moment of loss with no excess to pay.​

What our customers are saying...

“I was getting nervous that all my cryptocurrency was on exchanges. I wanted to take control of my holdings but I was worried about cold storage. An online wallet covered against loss and theft works for me.”
Divya
EXCHANGE HOLDER
“I’ve started buying small amounts of Bitcoin when I can. I wanted something more like an online bank account but I’d read about hacks and thefts. Insurance for my wallet gave me the safety net I needed to start investing."
Jim
NEW TO CRYPTO
“Have you ever tried to recover a hardware wallet? It took me well over three hours the first time. It was really stressful. I never want to go through that again. With Coincover, I know my coins are safe and easy to access.”
Tony
EXPERIENCED INVESTOR

In partnership with
industry leader BitGo

Coincover has partnered with BitGo, market leader in corporate-grade multi-signature wallets to protect your cryptocurrency.

BitGo wallets provide our customers with complete control, secure custody and continued access of their funds.

FAQ

Theft Cover is an annual plan that protects you against the theft of your cryptocurrency held in an approved wallet. It offers a fiat currency equivalent payment of the cryptocurrency value at the time and date of theft.​

What's covered in Theft Cover?​

All theft and loss of cryptocurrency funds resulting from:

- Proven third-party hacks or theft of private keys including: Brute force attack, cyber attacks, phishing software, malicious software, trojans, worms, hacking, device theft, insider attack, criminal extortion.
- Loss of wallet keys

What’s not included in Theft Cover?​

We only cover digital currencies held in approved wallets. At the moment these are BitGo multi-sig wallets. We do not cover digital currency held on an exchange or in wallets where Coincover does not hold the backup key.

For approved wallets we only have two exclusions:

- Willful sending of digital currency by you or someone authorised by you.
- Failure of a digital currency blockchain.

Which cryptocurrencies do you protect?​

Coincover protects the following currencies:

- Bitcoin
- Bitcoin Cash
- Bitcoin SV
- XRP (Ripple)
- Stellar
- Dash
- ZCash
- Litecoin

We also currently support 200+ ERC20 standard tokens.

Who are your insurance partners?​

Coincover Comprehensive Cover is underwritten by Lloyd's of London members.

If my cryptocurrency is stolen how long does it take you to pay?​

We pay theft cover claims within 48 hours of validating the theft. Claims are paid in US Dollars. The value of the digital currency at the time of theft based on an external valuation.

What is the excess or initial deductible on a theft claim?​

There is no excess or initial deductible to pay.

How do you calculate the value of a loss?​

We take the calculation of loss extremely seriously and employ a clear and robust process to ensure you are treated fairly. Once we have received your claim we carry out the following steps to calculate the loss:

- We identify the transactions on the relevant blockchains to determine the date and time of the theft and the exact amount of cryptocurrency stolen.

- To calculate the value, we use the fiat currency valuation of the cryptocurrency provided by coingecko.com at the date and time of loss.

- The claim is paid at this value (capped at the agreed cover level) with no excess or initial deductible taken.

We aim to pay out within 48 hrs of a decision being made.

Where is the cover available?

Theft Cover is available globally with the exception of countries or jurisdictions prohibited by the UK or USA governments.

What is Theft Cover?​

Theft Cover is an annual plan that protects you against the theft of your cryptocurrency held in an approved wallet. It offers a fiat currency equivalent payment of the cryptocurrency value at the time and date of theft.