Differences Between Custody Wallets and Self-Custody Wallets

Title: Understanding the Difference Between Custody and Self-Custody Wallets

When it comes to managing your digital assets, it's important to understand the difference between custody and self-custody wallets. BitGo offers both options to cater to the diverse needs of our customers. Here's a breakdown of the key differences:

Custody Wallets:

- Managed by BitGo: With custody wallets, BitGo takes on the responsibility of managing and securing your digital assets. This provides an added layer of security and peace of mind for our customers.

- Policy Controls: BitGo's custody wallets come with policy controls, allowing users to set specific rules and permissions for accessing and managing their assets.

- Compliance Support: Our custody wallets are designed to meet regulatory compliance standards, ensuring that your digital assets are held in a secure and compliant manner.

- Regulatory Backing: BitGo's custody wallets are backed by our commitment to regulatory compliance, providing additional assurance for our customers.

Self-Custody Wallets:

- Fully Controlled by Users: With self-custody wallets, users have full control over their digital assets. BitGo provides the multisig infrastructure to enable users to manage their assets independently.

- Flexibility and Autonomy: Self-custody wallets offer users the flexibility to manage their digital assets according to their own preferences and risk tolerance.

- Enhanced Security: By taking control of their own assets, users can implement additional security measures to further protect their digital holdings.

In conclusion, both custody and self-custody wallets have their own unique advantages, and the choice between the two ultimately depends on the individual needs and preferences of our customers. At BitGo, we are committed to providing secure and reliable solutions for managing digital assets, regardless of the chosen wallet option.