Custodian
A custodian is an entity that holds and safeguards assets on behalf of a client.
In Bitcoin, custodians hold the private keys that control a client's Bitcoin. Custodians range from exchanges (like Coinbase) to specialized custody providers (like BitGo) to multi-institution custody platforms (like Onramp). The choice of custodian, or the decision to self-custody, is the most consequential security decision any Bitcoin holder makes.
A custodian is an entity that holds and safeguards assets on behalf of a client. In Bitcoin, custodians hold the private keys that control a client's Bitcoin.
Frequently Asked Questions
What is Custodian?
A custodian is an entity that holds and safeguards assets on behalf of a client.
Why does Custodian matter for Bitcoin?
In Bitcoin, custodians hold the private keys that control a client's Bitcoin. Custodians range from exchanges (like Coinbase) to specialized custody providers (like BitGo) to multi-institution custody platforms (like Onramp).
What are the security implications of Custodian?
The choice of custodian, or the decision to self-custody, is the most consequential security decision any Bitcoin holder makes.
