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The Best Bitcoin Custodian Services Available Right Now

In a bid to meet increasing levels of compliance and tackle security issues, cryptocurrency custodian services are on the rise. Aiming to offer stronger safeguards with better insurance mechanisms, custodian services for both institutional and individual investors are becoming a prominent feature in the crypto landscape.

But which Bitcoin custodian services should you be concerning yourself with in 2019? Let’s take a look at the current best options.

BitGo

One of the most mature custodian services, BitGo has been on the scene since 2013. Offering institutional-grade custody policy controls, BitGo’s proven cold storage tech is housed in bank-grade Class III vaults, while all funds are cryptographically secured and insured.

Fee: Custom

No of Digital Assets Supported: 100+

Top Features:

  • Bank-grade cold storage protection
  • Institutional-grade custody policy controls
  • $100 million insurance
  • 24/7 support
  • Multi-use accounts
  • Multiple approval safeguards
  • Whitelists
  • Spending limits

Coinbase Custody

Associated with the leading exchange and wallet, Coinbase Custodian is a standalone entity to safeguard institutional investment funds. Used by Polychain Capital, a16zcrypto, Prime Factor Capital and more, Coinbase Custody boasts bank-grade segregated cold storage, providing all clients with asset insurance and round-the-clock customer support.

Fee: Custom implementation fee ($0-$10K), 50 bps custody fee, and $1M minimum balance

No of Digital Assets Supported: 34

Top Features:

  • 100% bank-grade segregated cold storage
  • All funds are insured
  • 24/7 support
  • Customized reporting
  • Audited statements
  • 4-Hour withdrawal SLAs
  • Multi-user accounts and multi-signature transactions

Bakkt Warehouse

Having acquired Digital Asset Custody Company (DACC), Bakkt has launched its own crypto storage solutions. Designed for both personal and institutional clients, Bakkt Warehouse is the newest addition to crypto custodianship. Providing dual wallet technology, Bakkt Warehouse features ‘warm’ online and ‘airgapped’ offline storage. Currently free to use, Bakkt Warehouse already has a plethora of global institutional users such as Patera Capital and Galaxy Digital.

Fee: ‘Fee Holiday’ until June 2020

No of Digital Assets Supported: Only BTC

Top Features:

  • Regulated and Certified by the New York Department of Financial Services
  • $125 million insurance policy
  • BTC withdrawals in 1 day or less
  • Online and offline storage options
  • Available for both institutional and individual investors

Fidelity Digital Assets

Providing institutional custody solutions for Bitcoin, Fidelity Digital Assets offers enterprise-grade security for custody and execution services. Priding themselves on their multidisciplinary approach, Fidelity Digital Assets boasts a highly experienced and skilled team of financial and technological experts.

Fee: Custom

No of Digital Assets Supported: Only BTC

Top Features:

  • Offline vaulted deep-cold storage
  • Heavily physical security
  • Enterprise-grade cyber and operational security controls
  • 24/7 Support
  • Multidisciplinary approach for tailormade custodianship solutions

Xapo

Recently acquired by Coinbase, Xapo is a user-friendly custodian wallet for individual investors. One of the oldest Bitcoin wallets, Xapo enables users to store FIAT and BTC in cold storage. Backed by a myriad of big investors, such as Pantera Capital, Fortress, and Greylock Partners, funds stored on Xapo are fully insured against hacking and bankruptcy.

Fee: Free setup, no Xapo fees (only bank processing fees)

No of Digital Assets Supported: BTC and FIAT

Top Features:

  • User-friendly app
  • Insured against hacks and Xapo going bankrupt
  • Cold storage protected by armed guards, surveillance, and biometric locks
  • Free to use
  • Multi-signature transactions and withdrawal

Gemini Custody

Crypto exchange, Gemini, offers custodian services aimed at institutional investors With a multi-layer security architecture comprising of ‘HardwareSecurity Molecules (HSM), Gemini provides offline storage for funds and private keys that meets the highest US government security rating. Gemini’s industry-grade security gives top-level investors a complaint and user-friendly environment for storing large sums of crypto.

Fee: Free setup and no minimum, custom fees

No of Digital Assets Supported: 17

Top Features:

  • Same day withdrawals
  • Instant liquidity for trading on Gemini’s exchange
  • Distributed, heavily guarded, airgapped ‘Hardware Security Molecules’
  • User-friendly platform
  • 24/7 support and dedicated account representatives

itBit

New York-based itBit has been providing crypto-asset custodian services on a global scale since 2012. The company’s institutional 100% cold storage solutions are customized on a per-client basis, complemented with verification and asset audit reporting.

Fee: Custom

No of Digital Assets Supported: Only 5

Top Features:

  • Long-standing reputation for security
  • 100% cold storage solutions/li>
  • 24/7 support
  • 1-2-1 assigned account managers Monday-Friday

Kingdom Trust

Focusing on leveraging tech to provide dynamic custody solutions, Kingdom Trust has been on the scene since 2010. Catering to institutional investors, Kingdom Trust works with hedge funds, banks, family offices, RIAS, and so on.

Fee: Custom

No of Digital Assets Supported: Not disclosed

Top Features:

  • 100% cold storage solution for institutional investors
  • Fully insured
  • Exclusive and discrete
  • Fully compliant and regularly audited

What Bitcoin custodian services did we miss? Let us know on Twitter.