What is BitGo wallet?

The BitGo Wallet is an institutional-grade, multi-coin wallet for cryptocurrencies. Multi-signature, three-key management removes any single point of failure and advanced security configurations ensure that assets are secure.

Is BitGo wallet safe?

BitGo cold wallets represent the most secure method of storing digital assets. Private keys are generated offline and are never exposed to an online network, reducing risk.

Is BitGo company legit?

BitGo is a digital asset trust company and security company, headquartered in Palo Alto, California. Generally, BitGo wallets have three keys: one held by BitGo, and two held by the wallet’s owner. Wallets can be configured in both hot and cold configurations, as well as non-custodial and custodial configurations.

Is BitGo wallet free?

BitGo is now free for individuals and free to try for businesses, making the most secure, multi-sig bitcoin wallet service available and affordable to everyone.

Who uses BitGo?

BitGo’s customer base includes the world’s largest cryptocurrency exchanges and institutional investors and spans more than 50 countries. BitGo is backed by Goldman Sachs, Craft Ventures, Digital Currency Group, DRW, Galaxy Digital Ventures, Redpoint Ventures, and Valor Equity Partners.

Is BitGo regulated?

PALO ALTO, CA, March 4, 2021 – BitGo, the leader in digital asset financial services, today announced that it has obtained a New York Trust license to operate as an independent, regulated qualified custodian under New York State Banking Law.

Is BitGo a crypto exchange?

BitGo is a blockchain-based cryptocurrency custody company. Its services are aimed at institutional investors.

Is BitGo cold storage?

Safeguard your digital assets with our qualified, insured cold storage custody at BitGo Trust Company—a regulated Trust Company under the Division of Banking in South Dakota. Cold storage assets are held in segregated accounts, insured and secured by BitGo’s battle-tested and peer-reviewed multi-signature security.

Why do I need crypto wallet?

Crypto wallets store your private keys, keeping your crypto safe and accessible. They also allow you to send, receive, and spend cryptocurrencies like Bitcoin and Ethereum.

What is BitGo and how does it work?

BitGo is a digital asset trust company. It allows digital assets storage and trading through its wallet services. The BitGo wallet is a multisig HD wallet, which is available in over 50 countries. The keys are divided among several owners to manage risk.

Are cryptocurrency wallets suitable for banks and other institutions?

Most of the cryptocurrency wallets on the market today are not fit for use by banks, companies and other institutions. In general, corporate spending requires more than one authorizing party. Most crypto wallets are designed for use by a single party. BitGo is the pioneer of multi-signature digital wallets.

How do I set up a BitGo account?

Although setting up can take a while, using BitGo is as easy as five steps: Select your account type: There are two types of accounts. The individual account pays fees per transaction. This account is best for customers who trade a few digital assets per month. The other is an enterprise account.

What is BitGo instant (BNT)?

The project also offered (but no longer does) BitGo Instant, a feature that instant transactions by effectively acting as a payment guarantor. The company instantly honored any payments sent, providing the same kind of instant payment services offered by traditional financial middlemen like Visa or PayPal.