CoinCorner launches Lloyd’s‑insured multisig Bitcoin vault with AnchorWatch
CoinCorner unveils insured multisig vault
CoinCorner, a British Bitcoin exchange, announced a new custody service that stores customers’ Bitcoin using a multi‑signature (multisig) setup and is insured by Lloyd’s of London. The service is built together with US partner AnchorWatch.
The vault charges an annual fee of 1.5% and is aimed at users who want cold‑storage security without handling hardware wallets themselves. Deposits can be made at any time, but the Bitcoin moves to the insured wallet on the first working day of the next month.
The launch follows a recent Coldcard wallet hack that caused about $115 million in losses, highlighting the demand for stronger security.
Key details
- Multisig custody splits key control between CoinCorner (Isle of Man) and AnchorWatch (US).
- Lloyd’s of London provides insurance for the stored Bitcoin.
- Annual fee is 1.5% of the vaulted amount.
- Funds are transferred to the insured address on the first working day of the following month; top‑ups are allowed anytime.
- Customers can verify holdings on‑chain via a wallet address supplied by CoinCorner.
CoinCorner statement
“Vault offers a simple non‑technical setup for customers, and partnering with AnchorWatch means we can offer fully insured, multi‑signature custody with the simplicity our customers expect from CoinCorner,” said CEO Danny Scott.
Confirmed facts
CoinCorner has launched a multisig Bitcoin vault, partnered with AnchorWatch, and secured insurance from Lloyd’s of London. The service costs 1.5% per year and moves funds to the insured wallet on the first working day of the month after deposit.
Why it matters
Multisig protects against the risk of a single private key being compromised. By handling the key distribution and adding insurance, the vault offers a simpler, safer option for users who want offline (cold‑storage) protection without managing hardware themselves.
Future steps
Customers can open a Vault and deposit any amount of Bitcoin. The service will continue to operate under the described fee and transfer schedule.
