Bitcoin was the first in the class to implement blockchain and created the inflection point in history. Looking at the investment returns given by bitcoin more and more people started investing in crypto currencies and it immediately got the limelight. People started investing in crypto currencies without proper research. Riding a BULL is easy but holding in BEAR market becomes very difficult. There has to be a trusted third party for anyone to be involved in internet business, transactions, or money transfer. However, these middlemen lack the ability to provide real time, precise traceability of monetary transactions. A better system is needed that allows cryptocurrency hedging and removes trusted middleman and empowers any two individuals to freely and securely transact. A new cryptocurrency, Cremit coin is presented herein as an insurance and banking solution provider using blockkchain technology. Cremit will provide crypto currency hedging, a zero-fee exchange, smart wallet, fixed deposit certificates and Multi crypto payment gateway for overcoming privacy and middleman issues. Cremit will be an ERC20 token and the smart contracts developed for insurance and banking solutions will be developed using ethereum platform and solidity. There will be 210Million CRMT tokens out of which Presale: 10%, ICO: 40%, Cremit Team: 10%, Future Sale: 30%, Rewards & Bonuses: 10%. In conclusion, this white paper discusses Cremit, its technological advantages, the commercial applicability, and potential for future development as well as its community-driven focus.