Overview
- CoinCorner has introduced Vault, a custody product that splits key control between the Isle of Man exchange and US partner AnchorWatch and carries insurance from Lloyd’s of London.
- The service is aimed at non‑technical holders and charges a 1.5% annual fee for managed multisignature custody that removes the need to run hardware wallets or manage multiple private keys.
- Deposits are accepted any time but are typically moved into the insured multisig wallet on the first working day of the following month, and CoinCorner provides an on‑chain address so customers can verify holdings.
- Customers set identity‑verification rules that must be met before funds can move, and the product allows top‑ups at any time while CoinCorner and AnchorWatch handle key distribution on the customer’s behalf.
- The launch follows high‑profile single‑key losses from a Coldcard firmware exploit and signals a push to make multisig and insured custody more accessible, though users should review policy terms and the monthly transfer timing for coverage details.