What custody options does AnchorWatch offer?
AnchorWatch offers three vault options, all powered by the same Trident Vault architecture. The 1-Key vault gives individuals direct custody with a single hardware key paired with AnchorWatch institutional keyset. The 3-Key vault uses a client-controlled 2-of-3 multisig alongside AnchorWatch keyset, designed for families, trusts, and small organizations. The MIC vault distributes keys across multiple independent institutions for enterprises and clients who want institutional security without managing physical hardware themselves.
Does AnchorWatch offer insurance for bitcoin?
Yes. AnchorWatch offers Bitcoin insurance as a Lloyd’s of London Coverholder, authorized to underwrite and administer Bitcoin custody insurance on behalf of Lloyd’s syndicates. Coverage is optional for every Trident Vault, USD-denominated, and paid annually, with limits starting at $250,000 and going up to $100M per vault and binding authority up to $500M per customer.
Is AnchorWatch SOC 2 audited?
Yes. AnchorWatch is SOC 2 certified and independently audited, providing audited custody that institutions can rely on. The SOC 2 Type I certification covers operational and procedural controls surrounding Trident Vault, including access controls, signing workflows, change management, monitoring, and incident response.
Is insured Bitcoin custody worth it?
For serious holders, insured custody can be worth it when the cost of premiums is small relative to the consequence of catastrophic loss. The deeper value is that insurance forces the custody to meet underwriting standards: multi-party signing, defined recovery paths, on-chain auditability, and SOC 2 controls.
How much does AnchorWatch Bitcoin insurance cost?
AnchorWatch Bitcoin insurance is priced as a percentage of the value being insured. The insurance premium starts at 0.6% per year, with most vaults rated between 0.6% and 0.8% based on each customer risk profile, vault configuration, and coverage limits.
What is AnchorWatch exact pricing structure and Onboarding Fee?
AnchorWatch pricing is structured around the value of Bitcoin being insured and serviced. Custody is billed monthly under the Trident Services Fee: 0.02% per month for 1-Key and 3-Key Flagship Vaults and 0.03% per month for MIC Vaults, with Flagship custody minimums starting at $100 per month. There is no separate onboarding fee beyond the premium and monthly Trident Services Fee.
What is Trident and who can use it?
Trident is AnchorWatch’s proprietary vault software that coordinates secure cold storage of Bitcoin across multiple signing devices held by customers and by AnchorWatch. It is available for AnchorWatch insurance customers and is configured to insured custody standards.
What does the insurance cover?
AnchorWatch policies cover a permanent loss of ability to control the bitcoin in an insured Trident Vault, subject to policy terms, conditions, and exclusions. Covered examples include loss of keys due to physical perils, theft of keys, coercion, burglary, and collusion where both AnchorWatch and customer acted in concert to commit fraud.
Do I have to use Trident to be insured?
AnchorWatch insurance is built around the security features enabled by Trident and the distribution of keys and key signers across multiple physical locations. At this time AnchorWatch only insures Bitcoin held in Trident vaults.
Are customer funds segregated?
Yes. AnchorWatch insurance policies cover a customer specific bitcoin held in a specific UTXO and never commingled with other customer bitcoin. Each customer vault is segregated and protected by a unique set of private keys.
Do AnchorWatch policies have reinsurance?
AnchorWatch policies are 100% backed by Lloyd’s of London syndicates and are written on Lloyd’s of London paper, rated A+ by AM Best.
How long does it take to move Bitcoin once a transaction is requested?
Customers initiate a transaction in Trident and complete signatures using their signing devices. AnchorWatch generally completes internal compliance activities and transaction signatures within one to two business days after customers complete signatures.
Why does AnchorWatch hold keys and sign transactions in Trident?
AnchorWatch holds keys required for sending Bitcoin from an insured vault during the length of the insurance policy. While AnchorWatch never has unilateral control, requiring AnchorWatch to sign helps mitigate loss from signing device loss, coercion, and internal collusion.
Does AnchorWatch have copies of the customer’s private keys?
No. AnchorWatch never has the customer private keys. Customers create their own private keys on their own signing devices during onboarding. AnchorWatch provides factory sealed signing devices and never has unilateral ability to move customer Bitcoin.
Are Trident vaults online?
The bitcoin held in an insured Trident vault is offline cold storage. Customers can access the Trident dashboard online, but private key material itself is offline on signing devices.
How do I know Trident is safe?
Trident code and vaults are audited by independent external firms, and vault configurations use Bitcoin-native technology that can be accessed via Bitcoin Core in emergency scenarios. Customers receive the recovery script and information required to control their Bitcoin so long as they have their signing devices.
Does the insurance limit change as the Bitcoin price changes?
You choose your insurance limit in dollars and pay your premium when signing up for your policy. If you want to change the limit during the policy, you can contact your agent to update it.