Crypto custody has always been a huge issue for newcomers and crypto experts alike. Each user has a cryptocurrency address which is based on a private key and a public key. The private key is a secret key that enables you to spend crypto – it must be kept safe. In order to keep private keys safe, people have split the “secret number” or the “mnemonic seed phrase” and stored it in multiple places. Since not everyone is able or willing to spend time on securing their digital assets, crypto exchanges and wallets provide custody for their users & custody providers have emerged. By now, crypto custodians offer sophisticated methods of securing crypto assets while enabling a decent amount of usability. The trade-off between security and accessibility is minimized since custodians provide the best of cold & hot wallet solutions and utilize hardware, software & cryptography.
What should you look for in crypto custody solutions?
There are many high-quality crypto custody solution providers. You should pick a crypto custodian that fits specifically to your use case and internal requirements.
Compliance - Licenses
Crypto custody is a highly regulated field. Make sure to pick a custodian that has all necessary licenses and is compliant in your jurisdiction.
Security (incl. Insurance)
There are many options to secure cryptocurrencies on hardware and software, with multisignatures and cryptography. You decide how much risk your assets are exposed to.
Your choice of custody provider will determine how quickly you can access your crypto assets, whether you can only hold assets or engage in on-chain activities such as staking.
You should pick a provider that offers all “needed” cryptos. Most crypto custodians offer Bitcoin but other currencies and ERC-20 tokens are not yet available in all solutions.
Fit with existing set up
Depending on your prefered integration or set up, you can utilize cloud solutions, hardware on-premise or offsite. Backup, recovery & contacts options may vary as well.
Business models and targeting of custody providers differ a lot. There are freemium options, minimum deposit amounts, set up fees and a variety of fee & subscription models.
All crypto custody solutions
We list all crypto custodians & custody solutions and showcase solutions below to help people get in-depth insights into different options.
Get to know crypto custody solutions
On BC, all crypto custody providers can introduce themselves & explain their specific value proposition to make it easy to pick the right partner.
Tangany is a whitelabel custody provider for cryptocurrencies and digital assets and specializes in the safekeeping, security and administration of private keys in a secure cloud-based HSM environment for B2B customers.