Insured protection for your cryptocurrency, peace of mind for you.
Maintain full control of your assets, passcodes and private keys.
We process claims quickly and make payouts within 48 hours of a valid claim identified.
Protection from as little as 0.75% fund value per year.
No initial deductible to pay in the event of a claim.
Increase and reduce insurance cover as required.
Protect as many wallets as you like within agreed cover limit.
Protect 200+ coins and tokens in your own wallet.
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.
Insurance backed cover against theft from a range of attacks underwritten by Lloyds of London A-rated insurers.
Protected at all times with early-warning alerts for suspected theft.
We work with you to understand your requirements and recommend the right cover level for you.
It only takes minutes to set up an account to ensure you have a lifetime of key storage and access to funds.
The assurance of having your assets fully protected, allowing you to focus on the opportunities to be had.
Most attacks covered including brute force, cyber, scams, malware, device theft, insider theft and extortion.
Coincover Theft Cover provides insured protection for your cryptocurrency, and peace of mind for you.
With the highest levels of security Multi-sig wallets are the safest way to store crypto assets online so trading is always an option.
Coincover integrates two factor authentication across the customer journey making it harder for hackers to gain access to an individual’s online account.
Insurance underwritten by Lloyds of London members.Coincover offers the most comprehensive theft protection available for crypto.
24/7 wallet monitoring that is always protected with early-warning alerts for suspected 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.
“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.”
“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."
“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.”
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.
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.
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
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.
Coincover protects the following currencies:
- Bitcoin Cash
- Bitcoin SV
- XRP (Ripple)
We also currently support 200+ ERC20 standard tokens.
Coincover Comprehensive Cover is underwritten by Lloyd's of London members.
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.
There is no excess or initial deductible to pay.
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.
Theft Cover is available globally with the exception of countries or jurisdictions prohibited by the UK or USA governments.