As the value of cryptocurrencies continues to grow, so does the risk of hacks, scams, and wallet losses. While most people secure their crypto in cold wallets or through multi-factor authentication, one big question remains: Is your crypto insured? Just like traditional assets, digital assets also need protection — and that’s where crypto insurance comes in.
In this guide, we’ll explore what crypto insurance is, why it matters, and which companies are leading the space in 2025.
What is Crypto Insurance?
Crypto insurance is a policy designed to protect digital asset holders from financial losses due to:
-
Exchange hacks
-
Private key theft
-
Smart contract failures
-
Fraud or phishing attacks
-
Custodial risks
Unlike traditional insurance, crypto insurance is still evolving, with coverage limits, premiums, and eligibility requirements that vary widely between providers.
Why You Need Crypto Insurance
With billions of dollars in digital assets stolen or lost over the past decade, protecting your holdings has never been more critical.
Here’s why getting crypto insurance makes sense:
-
Peace of mind: Know that you’re covered if your funds are compromised.
-
Business credibility: For crypto exchanges, funds, or custodians, having insurance builds trust with customers and investors.
-
Legal and financial protection: As regulations increase, insurance might soon become mandatory for crypto businesses.
Whether you’re a retail investor or run a blockchain startup, crypto insurance can be a key layer of defense.
Top Crypto Insurance Providers in 2025
Here are some of the most trusted names offering crypto insurance for individuals, institutions, and exchanges.
1. Coincover
Coincover offers crypto insurance for digital wallets and exchanges. They partner with Lloyd’s of London to back their insurance plans.
Highlights:
-
Protects against lost or stolen crypto
-
Offers disaster recovery services
-
Custom plans for individuals and businesses
2. BitGo
BitGo is known for its secure custodial services and now includes crypto insurance as part of its enterprise offering.
Highlights:
-
$250M in coverage for custodial assets
-
Insurance against theft, loss, and hacking
-
Highly trusted by institutional clients
3. Nexus Mutual
Nexus Mutual is a decentralized insurance protocol that covers DeFi risks and smart contract failures.
Highlights:
-
Community-based coverage model
-
Claims voted on by token holders
-
Customizable policies for different DeFi platforms
This is a new-age approach to crypto insurance based on the principles of decentralization.
4. Evertas
Evertas is a dedicated crypto insurance provider focused on institutional investors and high-net-worth individuals.
Highlights:
-
Covers wallet infrastructure and custodial services
-
Offers cyber risk and operational risk coverage
-
Works with underwriters at Lloyd’s of London
Evertas brings traditional insurance expertise into the crypto space.
5. Chainproof (by Quantstamp)
Chainproof provides regulated crypto insurance products with a focus on smart contract risk management.
Highlights:
-
Covers audited smart contracts and blockchain apps
-
Backed by top reinsurers
-
Ideal for DeFi projects and Web3 startups
What to Look for in a Crypto Insurance Policy
Before choosing a provider, keep these factors in mind:
-
Coverage scope: Does it protect against hacking, fraud, technical failure, and human error?
-
Insured amount: How much of your crypto is covered?
-
Cost: Are the premiums worth the risk coverage?
-
Reputation: Is the provider trusted by other crypto businesses or investors?
-
Claim process: How easy and fast is it to file and receive claims?
Understanding the fine print is essential when buying crypto insurance.
The Future of Crypto Insurance
As crypto adoption continues to grow, crypto insurance is likely to become as common as car or home insurance. We may soon see:
-
Government-mandated insurance for exchanges and custodians
-
Standardized regulations across countries
-
On-chain insurance products integrated with Web3 apps
This growing demand will push insurance providers to offer more tailored and transparent policies.
Final Thoughts
If you’ve invested in cryptocurrencies or operate a crypto-based business, now is the time to think about protection. Crypto insurance may still be new, but it offers a vital safety net in an unpredictable digital world. As digital assets become more mainstream, insuring them is not just smart — it might soon be necessary.
So, is your crypto insured?
