Coincorner Launches Insured Bitcoin Custody Service
- Coincorner launched “Vault” on September 8, offering an insured custody option for Bitcoin holders.
- The Vault service features multi-signature security and is insured by Lloyd’s of London.
- Vault costs users a fee of 1.5% per year, calculated monthly based on the stored Bitcoin value.
- Anchorwatch partnered with Coincorner to provide institutional-grade security through its Trident Vault infrastructure.
- The launch follows recent security breaches in the crypto community, including a significant hack affecting Coldcard hardware wallets.
Coincorner’s new Vault service aims to offer enhanced security and insurance for Bitcoin holders amid rising concerns over crypto hacks and losses. The partnership with Anchorwatch provides a multi-jurisdictional custody solution designed to appeal to both individual users and larger entities seeking robust protection.
With its introduction of Vault, Coincorner offers an alternative for those willing to trade self-custody for insured protection, addressing the growing demand for secure cold storage solutions in the cryptocurrency market.(Source)
