BVNK does not currently provide insurance for crypto assets. The insurance policies available for digital assets remain largely untested, meaning they have never been used by a policyholder, creating uncertainty as to whether they would pay out effectively in the event of an incident.
It's important to note however that our business model is to provide payment services. We do not lend or invest customer funds, nor do we use customer funds as leverage.
Every asset held by BVNK, including cryptocurrencies, is maintained at a 1:1 ratio. This means we keep the exact type and amount of cryptocurrency that you deposit, as it is. For example, if you deposit 1 bitcoin, we store 1 bitcoin. We do not convert or change the form of the crypto assets.
This approach ensures the safety and security of any assets held by us, even in the absence of a formal insurance policy.