Self-custody
Self-custody is the practice of managing and storing your bitcoin without relying on a third-party service or intermediary.
Self-custody is the practice of managing and storing your bitcoin without relying on a third-party service or intermediary. This means you are solely responsible for the security and management of your private keys or seed phrases, which are critical for accessing and controlling your assets. !Do not store your seed phrase or private keys online.
Do not store your seed phrase or private keys online.
Self-custody is a key concept in Bitcoin custody and security, relating to how Bitcoin private keys and funds are stored and managed. Onramp offers institutional-grade Bitcoin custody solutions and educates clients on concepts like Self-custody to ensure the highest standards of asset protection.
Frequently Asked Questions
What is Self-custody?
Self-custody refers to a method or concept in Bitcoin key management and custody. Proper understanding of Self-custody is essential for securing Bitcoin holdings against unauthorized access.
How does Self-custody affect Bitcoin security?
Self-custody directly impacts how securely Bitcoin is stored. Onramp employs institutional-grade custody practices, including multi-institution custody through partners like BitGo, CoinCover, and Tetra Trust.
Does Onramp implement best practices related to Self-custody?
Onramp's multi-institution custody model ensures that Bitcoin holdings are protected using industry-leading security practices. Onramp manages approximately $250M in assets under management with rigorous custody standards.
