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Protection type

Centralized exchanges & custodial wallets

Protect your digital assets from exchange hacks and malicious third parties and feel safer with VAIOT’s intelligent selection of coverage options.

What is covered How it works
Digital Asset Protection

Secure Centralized Assets with VAIOT

Many cryptocurrency investors keep their crypto on centralized exchanges or keep their digital assets in custodial wallets like Celsius or Inlock for ease of use and to earn interest. These solutions make holding and trading cryptocurrency simpler for their users, but if they get hacked, what happens next? Over the past years multiple exchanges have been hacked or suspended trading. Some exchanges hold a special insurance fund, but will it be sufficient to cover large scale hacks? VAIOT offers you the possibility to protect you against hacks, scams and other malicious events that block you from withdrawing your cryptocurrency.

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Covered risks

What is covered?

Hacks

When you lose 10% or more of your holdings at a centralized exchange or in your custodial wallet due to any criminal or fraudulent takings.

Suspended withdrawals

When all withdrawals from the centralized exchange or from your custodial wallet are suspended for more than 90 days.

Disclaimer: Coverage conditions depend on the chosen contract and protection provider.

How it works

The Steps to Secure
Your Assets

1

Get started

Open the VAIOT Application. The Broker will be there through every step of the process.

2

Choose protection type

Select the exchange or wallet provider you use for your digital assets.

3

Select a base currency

Specify the base currency for your protection (ETH, DAI, USDC or USDT).

4

Choose coverage

Decide the amount and protection period of your choice.

5

Discover the best solution

VAIOT’s Broker will show you all the relevant product options and help you select your preference.

6

Get your protection

Connect your wallet and get your protection.

1

Get started

Open the VAIOT Application. The Broker will be there through every step of the process.

2

Choose protection type

Select the exchange or wallet provider you use for your digital assets.

3

Select a base currency

Specify the base currency for your protection (ETH, DAI, USDC or USDT).

4

Choose coverage

Decide the amount and protection period of your choice.

5

Discover the best solution

VAIOT’s Broker will show you all the relevant product options and help you select your preference.

6

Get your protection

Connect your wallet and get your protection.

  • Coinbase
  • Kraken
  • Huobi
  • Celsius
Coverage calculations

Do you use
Coinbase for trading
or Staking?

Example: protect your assets at Coinbase for the equivalent of 5000 USDC for 60 days.

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Cover

5000 USDC 60 days

Premium

20.5375 USDC
(2.5% per year)

Offered by

InsurAce

Disclaimer: Coverage and prices of premiums at the point of purchase may vary. VAIOT is not responsible for any adjustments. Please visit the website of the provider for more information. Get started
Coverage calculations

Do you trade or Stake on Kraken?

Example: protect your assets at Kraken for the equivalent of 50 DAI for 90 days.

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Cover

50 DAI 90 days

Premium

0.3203 DAI
(2.6% per year)

Offered by

Nexus Mutual

Disclaimer: Coverage and prices of premiums at the point of purchase may vary. VAIOT is not responsible for any adjustments. Please visit the website of the provider for more information. Get started
Coverage calculations

Do you prefer Huobi
for trading and
Staking?

Example: protect your assets at Huobi for the equivalent of 5 ETH for 1 year.

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Cover

5 ETH 365 days

Premium

0.125 ETH
(2.5% per year)

Offered by

InsurAce

Disclaimer: Coverage and prices of premiums at the point of purchase may vary. VAIOT is not responsible for any adjustments. Please visit the website of the provider for more information. Get started
Coverage calculations

Do you earn or borrow at Celsius?

Example: protect your assets at Celsius for the equivalent of 10 ETH for 30 days.

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Cover

10 ETH 30 days

Premium

0.0839 ETH
(10.22% per year)

Offered by

Nexus Mutual

Disclaimer: Coverage and prices of premiums at the point of purchase may vary. VAIOT is not responsible for any adjustments. Please visit the website of the provider for more information. Get started
WE ARE SUPPORTED BY

Partners & Network

benefits

Why Secure Your
Digital Assets

Digital asset protection

With VAIOT’s AI Broker Platform, your crypto assets are protected from scams, rug pulls and other malicious behavior within the community and of centralized providers.

Selected partners

VAIOT’s Broker only works with selected third-party partners that are secure, audited and offer decentralized services.

AI Assistant at your fingertips

VAIOT’s AI Assistant doesn’t need any sleep and is available for you 24/7. It also offers unbiased options and can’t be influenced or bought.

Lowest premium

We always offer the lowest price for your protection.

FAQ

Centralized Exchanges & Custodial Wallets

How do crypto covers work?

Our partners have built a community-based crypto asset insurance ecosystem. On one hand they offer staking options for community members that believe certain exchanges, wallets, protocols or smart contracts are safe. With these locked value assets risk-pools are created. Based on these pools crypto covers are sold. The more assets have been staked, the more coverage is available. When there are claims the communities will decide whether they claim is justified & will be paid out.

What is a base currency?

The Base Currency is the currency in which you determine the total covered amount and in which you pay your premium. Suppose for example that you have a portfolio of different crypto currencies that is worth the equivalent of about 5 ETH. In that case you can select ETH as your Base Currency and get a cover for 5 ETH for the period you have in mind. Any possible future claims will also be paid out in the Base Currency.

What is a centralized exchange?

Cryptocurrency exchanges allow investors to trade, buy or sell cryptocurrencies. Exchanges are called 'centralized' when investors store their crypto currency in a wallet provided by the exchange. In this case the investors do not have access to the private keys of their exchange account’s wallets. Well-known examples include: Coinbase, Binance and Kraken.

What are custodial wallets?

With a custodial wallet another party controls your private keys.

Can I get protection at all centralized exchanges?

Our partners offer coverage for a limited set of centralized exchanges & custodials wallets. Are you curious if there is a cover for the exchange that you are using? Open the VAIOT app and find out.

How did VAIOT select their partners?

VAIOT selects partners that have a solid community and solid funding (total value locked). We also make sure our partners have been audited by trustworthy 3rd parties.
PROTECTION types

More protection for
your crypto assets

PROTECTION types

More protection for
your crypto assets

Protocols & Smart Contracts

Safe against hacks, scams and corruption with protocol and smart contract protection.

Learn more