Cryptocurrency Theft Insurance​

Protection for your cryptocurrency, peace of mind for you​

Coincover Theft Cover is the first in personal insurance backed protection for your cryptocurrency. There is no longer a need to worry about your crypto wallet being hacked and your funds stolen.​

Direct ownership

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

Fast payments

We process all claims as 
quickly as possible and make 
payouts 48 hours of a decision 
being made.

Low costs

Prices 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 100+ coins and tokens 
- whatever you hold with BitGo.

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.​

Cryptocurrency Insurance​

The first and only place you can completely protect yourself and your cryptocurrency from theft, lost access and malicious attack. ​

Select a cover level to suit the amount of cryptocurrency you are holding across all of your wallets.​

Exclusively from Coincover​

Pick a Plan
Select a Theft Cover plan to best suit your needs.
£10,000
Theft Cover
£110/yr

£25,000
Theft Cover
£180/yr

£50,000
Theft Cover
£360/yr

£100,000
Theft Cover
£750/yr

Payment accepted in

Benefits

Annual Protection​

Insurance 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.​

Sign up in seconds for instant protection

Sign up for Coincover in 60 seconds

It takes less than a minute to sign up for a Coincover account.

Connect your wallets and transfer funds​

Connect your BitGo wallets, OR create your new Coincover wallet and transfer funds.​

Choose the level of cover​

Choose the level of cover you that fits your cryptocurrency needs.​

Complete purchase​

Select your coverage level and your preferred payment method for immediate cover.​

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.

As seen in

Let the numbers speak for us

8,000+
Happy customers
15,000+
Wallets covered
200+
Coins & tokens supported
$280M+
Funds protected
42,000
Bitcoins guarded
$350k
Funds recovered

Coincover Theft Cover is the first personal insurance protection 
for your cryptocurrency. There is no longer a need to worry about 
your crypto wallet being hacked and your funds stolen.

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 premiums 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 rectify a bad 
situation with fast payouts within 48 hours of validated claims.

FAQ

Theft Cover is an annual plan that protects you against the theft of your Bitcoin and other cryptocurrency held in a wallet of our approved service provider, BitGo. It works just like any other personal insurance policy. It provides you with permanent protection and a guaranteed pay out if your cryptocurrency is stolen.​

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 covered in Theft Cover?​

Any occasion where you or someone on your behalf have sent cryptocurrency to a third party.

Direct physical loss of or damage to any hardware.

Failure, breakdown or disruption of the Cryptocurrency Blockchain.

All other exclusions as shown in the Terms & Conditions.

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.

Are there any restrictions?​

You must own the cryptocurrency assets and they must be held in a BitGo wallet with Coincover.

The most we will pay is the cover level you have selected.

We may pay less if the value of cryptocurrency stolen is below that limit.

Theft Cover offers no excess/deductible facility.

Theft Cover may not be transferred or assigned to any third party without our written agreement.

Theft Cover will not apply if payments are not up to date.

How do I pay?​

Coincover accepts payments for annual premiums in Bitcoin and monthly subscriptions in US Dollars.

Who is Theft Cover designed for?​

Theft Cover has been specifically designed for people using cryptocurrency who wish to protect their assets from theft. It is available to adults over 18 years of age. Provided customers can demonstrate their ownership of the assets, they are eligible to purchase Theft Cover.

How does Theft Cover work?​

Theft Cover works just like any other personal insurance policy. It provides you with permanent protection and a guaranteed pay out if your cryptocurrency is stolen. You are free to continue using your wallet as you would normally and are not required to notify us of transfers.

With Coincover you maintain 100% direct ownership of your cryptocurrency assets. A BitGo wallet protected by Coincover matches hardware for level of asset ownership with the added protection of insurance and the flexibility of an on-chain hot wallet.

There are no hidden charges and no excess so you will receive a full pay out so long as it does not exceed your cover limit.

After you’ve bought the cover level you require, you must then register your insured wallet addresses with us. This is done in our secure customer portal. To learn more visit our set up guide.

We pay claims to a maximum of the cover limit you chose. The value of the claim is based on the amount of quantity of digital currency stolen and its fiat currency value at the time of theft based on an external valuation provided by coingecko.com.

If you think you have been a victim of a theft you should contact us immediately. Our dedicated team will be waiting to support you.

We will tag the funds as being stolen on the blockchain, we will notify all exchange sand wallet providers and notify relevant authorities.

We investigate all claims thoroughly and aim to process all claims as quickly as possible and make pay outs with 48 hours of a decision being made.

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 are the cover levels?​

We offer a series of Cover Levels making it easy to identify how much cover you need, and it is also flexible so that can move between Cover Levels at anytime to ensure you are only paying for the cover you need.

The Cover Levels available as standard are (GBP £):
Up to 10,000
Up to 25,000
Up to 50,000
Up to 100,000

If you have more than £100,00 in an account or wallet then please contact us for a personalised quotation.

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

There is no excess or initial deductible to pay.

What are my obligations?​

You must tell us immediately if you suspect your assets have been stolen, and report the theft to the Police.

You must tell us of any circumstances which you think may give rise to a loss in future.

You must take reasonable care of your digital assets as set out in the Terms & Conditions.

You must take reasonable care to give us full, complete and accurate information to the questions we ask.

You must tell us if your circumstances change, and if you wish to vary the amount of cover you have.

You must help us investigate the background and/or causes of any theft and be prepared to share information with us.

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.

When does the cover period start and end?​

The cover starts once you have paid for your cover and completed your Coincover registration. The registration process includes confirming your identity as well as creating and linking an account or wallet with our approved service provider BitGo. The cover then ends 12 months from the start date.

How many wallets can I protect together?

You can protect as many wallets as you like provided they were created with our approved service provider BitGo and you selected Coincover as the back up key holder. The cover level you have selected covers all your wallets collectively.

For example: You have two wallets protected by Coincover Theft Cover – wallet #1 with cryptocurrency valued at £9,000 in it and wallet #2 has a value of £12,000 - with a total value of £21,000.

In this example you would have needed a cover level of £25,000 to cover both wallets. If wallet #1 suffers a theft then we would pay out the £9,000 for that claim and if wallet #2 suffers a theft then we would pay out the £12,000 for that claim. If both wallets were attacked at once, the pay out would be £21,000.

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.