CoinCorner Launches Lloyd's-Insured Bitcoin Custody Service with 1.5% Annual Fee
CoinCorner has launched a Bitcoin custody service in the UK that offers Lloyd's of London insurance and charges a 1.5% annual fee.
The new Vault uses multi-signature technology to divide control of customers' Bitcoin between two companies operating in different jurisdictions.
CoinCorner holds one key, while AnchorWatch holds the other, preventing either company from moving customers' Bitcoin alone.