Execution Conditions

# £1M Deposit Protection

## Crypto Option Mining provides free supplementary insurance that covers FSCS eligible clients up to a total of GBP 1,000,000 versus the standard protection of just GBP 85,000.

Evidence of this additional protection can be found here.

## FAQ

- ### How does the additional insurance work?

  The UK FSCS covers the shortfall to the extent of GBP 85,000 per client. Crypto Option Mining invests in an additional insurance policy that further covers all FSCS-eligble clients up to GBP 1,000,000 per client.

  In the event of Crypto Option Mining being "in default" following a determination made by the FSCS, the insurance company would pay to Crypto Option Mining for the benefit of its clients, an amount equal to the ultimate net loss of each claimant.

  The maximum amount payable by the insurance policy to Crypto Option Mining under the policy in respect of any one claimant is GBP 1,000,000.

- ### How much does the insurance policy cost for clients?

  The insurance policy is free for clients, its costs are entirely borne by Crypto Option Mining.

- ### Who is eligible?

  In order to qualify as claimants, Crypto Option Mining customers with more than GBP 85,000 must:

  - Be Eligible Claimants according to FSCS rules.
  - Submit their claims (including a claim form) to the FSCS within 12 months of the event of default’s date.
  - Submit their Excess of FSCS Claim Form to the Insurance company within 12 months of the event of default’s date.

- ### How long does it take to receive the withdrawn money?

  The length of time each claim takes to process depends on a number of factors. Crypto Option Mining’s claims under the insurance policy shall be payable as soon as:

  - The FSCS has finally determined and quantified the overall net claim of each Client.
  - The amount of any distribution to be received by the clients and/or the FSCS from Crypto Option Mining’s estate has been calculated, determined and accepted by the client and/or the FSCS.

This website stores our own and third-party cookies on your computer. We use these to collect information about how you interact with our website, as well as to improve and personalise your browsing experience. We also use them to obtain statistics about our visitors, both on this website and in other media. To find out more, see our Privacy Policy.