Protect crypto against volatility with crypto price insurance service from Choise.com

LONDON, 5 October 2022 /PRNewswire/ — Choise.comthe first-ever MetaFi ecosystem that offers users a chance to earn more from their digital assets through various centralized and decentralized high-yield products has launched its new Crypto Price Insurance product.

Crypto Price Insurance gives Choise.com users the ability to protect their digital assets against market volatility and adverse price movements.

When buying Bitcoin (BTC) or Ether (ETH), customers can set up an insurance contract for a certain period and with a fixed minimum price of assets they buy. When the contract expires, Choise.com will assess the value of users’ digital assets according to the current market rate. If the price turns out to be below the insurance price at which the user originally purchased their crypto, Choise.com will compensate the difference.

“Our customers can leverage Crypto Price Insurance to hedge against market risk. Instead of worrying about being affected by potential price drops or bear markets, they can now gain exposure to cryptocurrencies on Choise.com in a hassle-free way and with increased flexibility “ so Anastasia CorChief Marketing Officer at Choise.com.

For users of Choise.com, the process for applying for crypto price insurance works as follows:

1. The user loads the Choise.com wallet with a regular Mastercard or Visa card to buy BTC or ETH, presses the “With insurance” line and selects the conditions of the insurance.
2. Users can choose the desired amount of digital assets to be insured, the price of the insurance and a suitable period for the contract.
3. Choise.com will display the terms in USD, regardless of which asset the user seeks to use for the transaction. While the platform charges the customer in the means of payment, the insurance coverage payment will be distributed in USDT stablecoin.
4. Users will be able to view their active insurances in the wallet on the “BTC” and “ETH” pages, with the platform displaying detailed information for each transaction.

Importantly, the digital assets purchased with Crypto Price Insurance cannot be sold before the expiration date.

At the same time, since insurance is a separate product from spot trading, there is no need for Choise.com customers to have BTC or ETH in their wallets. The product is available on the Choise.com mobile app for IOS and Android users.

SOURCE Choise.com