Setting Up and Securing Custody Wallets with BitGo

Created by Alexandra Standring, Modified on Wed, 16 Jul at 3:50 PM by Alexandra Standring

Title: Setting Up Your BitGo Wallet: A Step-by-Step Guide

So, you've decided to use BitGo for your digital asset management needs. Great choice! To help you get started, we've put together a step-by-step guide to setting up your BitGo wallet.

1. Contact BitGo sales for onboarding: The first step in setting up your BitGo wallet is to get in touch with our sales team. They will guide you through the onboarding process and help you get started with your new wallet.

2. Verify identity (KYC/AML): As part of the onboarding process, you will need to verify your identity to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This is a standard procedure for all BitGo users and helps us ensure the security and integrity of our platform.

3. Configure wallet policies and whitelists: Once your identity has been verified, you can start configuring your wallet policies and whitelists. This allows you to set specific rules and restrictions for your wallet, such as transaction limits and approved addresses.

4. Set admin controls and user access: As the wallet owner, you have the ability to set admin controls and manage user access. This allows you to delegate responsibilities and control who can access and make changes to the wallet.

5. Use hardware security modules (HSM) for secure key storage: Finally, we highly recommend using hardware security modules (HSM) for secure key storage. HSMs provide an extra layer of security by storing your private keys in a tamper-proof hardware device.

By following these steps, you can set up your BitGo wallet with confidence and peace of mind. If you have any questions or need further assistance, don't hesitate to reach out to our customer support team. We're here to help!