BitGo Wallet
Review
BitGo wallet is an institutional-grade, multi-coin wallet specifically designed and formatted for cryptocurrency and bitcoin. It is a multi-signature HD wallet, available in more than 50 countries worldwide. The wallet keys are divided among multiple owners in order to properly manage risk, with one being held by BitGo and the other two by the wallet owner.
BitGo Wallet Review
BitGo wallet is an institutional-grade, multi-coin wallet specifically designed and formatted for cryptocurrency and bitcoin. It is a multi-signature HD wallet, available in more than 50 countries worldwide. The wallet keys are divided among multiple owners in order to properly manage risk, with one being held by BitGo and the other two by the wallet owner.
What is BitGo Wallet
BitGo was co-founded in 2013 as a venture designed to deliver greater trust in digital assets and to drive the global financial system, including the bitcoin price. It offers an integrated solution for digital assets that mitigates risk, while at the same time, optimises capital efficiency. BitGo’s products appeal to a wide range of clients, from high-ranking investors to institutional clients. BitGo is a regulated and qualified custodian of digital assets, utilising the latest on state-of-the-art technology to offer high levels of security and compliance. The company works closely with some of the most trusted and reputable brands in the industry, while also offering comprehensive insurance coverage.
What is BitGo Wallet
drive the global financial system, including the bitcoin price. It offers an integrated solution for
digital assets that mitigates risk, while at the same time, optimises capital efficiency. BitGo’s
products appeal to a wide range of clients, from high-ranking investors to institutional clients. BitGo
is a regulated and qualified custodian of digital assets, utilising the latest on state-of-the-art
technology to offer high levels of security and compliance. The company works closely with some of
the most trusted and reputable brands in the industry, while also offering comprehensive insurance coverage.
Hot and cold wallets
There are three types of wallet that users can choose from to suit their specific needs, including hot and cold options. The BitGo Custody, Business Wallet and Pay As You Go solutions are currently
available, each offering certain client benefits and features.
Premium security
BitGo offers protection against any single point of wallet failure through its multi-signature security and 3-key management structure. Users have the ability to enforce controls and policies, using whitelists, velocity limits, and administrative approvals.
Hot and cold wallets
their specific needs, including hot and cold options. The BitGo
Custody, Business Wallet and Pay As You Go solutions are currently
available, each offering certain client benefits and features.
Premium security
BitGo offers protection against any single point of wallet failure through its multi-signature security and 3-key management structure. Users have the ability to enforce controls and policies, using whitelists, velocity limits, and administrative approvals.
What are BitGo Wallet’s main features?
BitGo grants users access to a premium service with high quality security, compliance, and infrastructure, all key components of the product offering.
Premium security
BitGo offers protection against any single point of wallet failure through its multi-signature security and 3-key management structure. Users have the ability to enforce controls and policies, using whitelists, velocity limits, and administrative approvals.
Key recovery
BitGo includes specialist key recovery service (KRS) insurance for keys that are self-custodied, through a trusted third-party provider. As a result, users can have peace of mind that their digital assets are protected against loss or theft.
Good coverage
The BitGo wallet covers more than 75% of the digital market cap, having been upgraded from only supporting bitcoin previously. Users can now enjoy access to over 100 assets, including BTC, ETH, XRP, XLM, LTC. BTG, and many others.
Anonymity
BitGo does not ask users for any personal data from individuals, which is a big plus for those that wish to retain a good level of anonymity. In comparison, the majority of other wallets require users to provide a valid ID document, as well as other personal information.
What are BitGo Wallet’s main features?
BitGo grants users access to a premium service with high quality security, compliance, and infrastructure, all key components of the product offering.
Premium security
BitGo offers protection against any single point of wallet failure through its multi-signature security and 3-key management structure. Users have the ability to enforce controls and policies, using whitelists, velocity limits, and administrative approvals.
Key recovery
BitGo includes specialist key recovery service (KRS) insurance for keys that are self-custodied, through a trusted third-party provider. As a result, users can have peace of mind that their digital assets are protected against loss or theft.
Good coverage
The BitGo wallet covers more than 75% of the digital market cap, having been upgraded from only supporting bitcoin previously. Users can now enjoy access to over 100 assets, including BTC, ETH, XRP, XLM, LTC. BTG, and many others.
Anonymity
BitGo does not ask users for any personal data from individuals, which is a big plus for those that wish to retain a good level of anonymity. In comparison, the majority of other wallets require users to provide a valid ID document, as well as other personal information.
What is BitGo Wallet’s pricing?
The transaction fees vary depending on the network, but the wallet will assist users in terms of selecting a suitable fee to enable the fast processing of each transaction. For the BitGo Custody wallet, the minimum account value is $1 million. The BitGo Business Wallet has variable fees based on the specific transaction volume and $1 million minimum monthly transaction volume. Lastly, the BitGo Pay As You Go option charges a flat 0.25% fee per withdrawal, which rises to 1% for Bitcoin Gold.
What is BitGo Wallet’s pricing?
The transaction fees vary depending on the network, but the wallet will assist users in terms of selecting a suitable fee to enable the fast processing of each transaction. For the BitGo Custody wallet, the minimum account value is $1 million. The BitGo Business Wallet has variable fees based on the specific transaction volume and $1 million minimum monthly transaction volume. Lastly, the BitGo Pay As You Go option charges a flat 0.25% fee per withdrawal, which rises to 1% for Bitcoin Gold.
Get started fast with the BitGo Wallet
As with any bitcoin-related storage or wallet method, it can appear to be a difficult process in terms of getting started. However, by following the below instructions, it should become clearer as to how to correctly set up your BitGo wallet.
Account Type
Select your account type from the range of options available on the BitGo website, taking note of the relevant fees involved for each before making your choice.
Sign up and log in
Provide the required information in order to complete the registration process. You will then receive an email verification message, which will enable you to log in.
Set up and download
The final step is to set up 2FA and download the key card. Remember to also download your recovery seed, making sure to keep this information safely stored.
Get started fast with the BitGo Wallet
As with any bitcoin-related storage or wallet method, it can appear to be a difficult process in terms of getting started. However, by following the below instructions, it should become clearer as to how to correctly set up your BitGo wallet.
Account Type
Select your account type from the range of options available on the BitGo website, taking note of the relevant fees involved for each before making your choice.
Sign up and log in
Provide the required information in order to complete the registration process. You will then receive an email verification message, which will enable you to log in.
Set up and download
The final step is to set up 2FA and download the key card. Remember to also download your recovery seed, making sure to keep this information safely stored.