# Best Cryptocurrency Custody Software - Page 2 *By [Brandon Summers-Miller](https://research.g2.com/insights/author/brandon-summers-miller)* Cryptocurrency custody software is used to store and secure cryptocurrency assets. These tools rely on private key encryption to restrict access to digital currency assets and ensure their privacy while in long-term storage. Many cryptocurrency custody solutions also facilitate the buying and trading of cryptocurrencies for individuals or institutions. Furthermore, these tools can simplify and centralize cryptocurrency-related transactions and operational processes. Businesses use them to simplify management and storage of assets while ensuring their security and privacy. Cryptocurrency custody solutions are related to [cryptocurrency wallets](https://www.g2.com/categories/cryptocurrency-wallets) in that they are used to store cryptocurrency, and [cryptocurrency exchanges](https://www.g2.com/categories/cryptocurrency-exchanges) as they can be used to purchase and trade digital currency assets. However, custody solutions differ in that they centralize the transaction and storage processes while facilitating storage to an institutional-level scale. To qualify for inclusion in the Cryptocurrency Custody category, a product must: - Facilitate cold storage of digital currency assets - Allow users to trade and share cryptocurrency assets - Provide policy and security controls for storage and trading digital currency ## How Many Cryptocurrency Custody Software Products Does G2 Track? **Total Products under this Category:** 47 ### Category Stats (May 2026) - **Average Rating**: 4.36/5 - **New Reviews This Quarter**: 3 - **Buyer Segments**: Small-Business 50% │ Mid-Market 50% - **Top Trending Product**: Utila (+0.025) *Last updated: May 19, 2026* ## How Does G2 Rank Cryptocurrency Custody Software Products? **Why You Can Trust G2's Software Rankings:** - 30 Analysts and Data Experts - 400+ Authentic Reviews - 47+ Products - Unbiased Rankings G2's software rankings are built on verified user reviews, rigorous moderation, and a consistent research methodology maintained by a team of analysts and data experts. Each product is measured using the same transparent criteria, with no paid placement or vendor influence. While reviews reflect real user experiences, which can be subjective, they offer valuable insight into how software performs in the hands of professionals. Together, these inputs power the G2 Score, a standardized way to compare tools within every category. ## Which Cryptocurrency Custody Software Is Best for Your Use Case? - **Leader:** [3Commas](https://www.g2.com/products/3commas/reviews) - **Highest Performer:** [Dfns](https://www.g2.com/products/dfns/reviews) - **Easiest to Use:** [Fireblocks](https://www.g2.com/products/fireblocks/reviews) - **Top Trending:** [Fireblocks](https://www.g2.com/products/fireblocks/reviews) - **Best Free Software:** [Zengo Wallet](https://www.g2.com/products/zengo-wallet/reviews) --- **Sponsored** ### Bcon Global Bcon Global is a non-custodial crypto payment gateway that allows businesses to accept cryptocurrency payments directly to their own wallets without intermediaries, account custody, or fund storage on the platform. The service supports the following blockchains: BTC, ETH, BNB, SOL, TRX, and stablecoins including USDT, USDC, USDS, and TUSD. This enables businesses to accept payments across major blockchain ecosystems and offer customers flexible payment options. Bcon Global uses a non-custodial payment model, where funds are transferred directly from the customer to the merchant’s wallet. The platform does not hold or process funds on behalf of the user. This eliminates counterparty risk and removes the need for withdrawals. Simple setup process Connection to Bcon Global does not require complex onboarding: The user specifies a wallet address This address is automatically used in generated payment invoices Customers send crypto directly to this address The merchant receives funds instantly, without intermediaries There is no KYC or KYB verification, which allows businesses to start accepting crypto payments immediately without submitting documents or waiting for approval. Integration and plugins Bcon Global provides multiple integration options: API for custom integrations (including dynamic address generation) Ready-to-use plugins for: WordPress (WooCommerce) OpenCart WHMCS These plugins allow businesses to quickly enable crypto payments without development effort. For custom use cases, the API supports automated invoice creation, payment tracking, and backend integration. Payment flow The payment process is straightforward: Customer selects crypto payment method at checkout Bcon generates an invoice with the merchant’s wallet address Customer sends payment in the selected cryptocurrency Funds are received directly by the merchant Payment status can be tracked via API or system notifications Fees and cost structure Bcon Global applies a 1% transaction fee, which is charged separately and transparently. There are: No hidden fees No withdrawal fees No custody fees Since funds go directly to the merchant’s wallet, there are no additional steps required to access or manage funds. Key advantages Non-custodial crypto payment gateway No KYC / KYB requirements Direct payments to merchant wallet Support for BTC, ETH, BNB, SOL, TRX Support for USDT, USDC, USDS, TUSD Ready plugins for WordPress, OpenCart, WHMCS API for automated crypto payment processing Transparent 1% fee Bcon Global is suitable for eCommerce websites, SaaS platforms, and online services that need a fast, simple, and non-custodial way to accept crypto payments without relying on centralized payment providers. [Visit website](https://www.g2.com/external_clickthroughs/record?secure%5Bad_program%5D=ppc&secure%5Bad_slot%5D=category_product_list&secure%5Bcategory_id%5D=1795&secure%5Bdisplayable_resource_id%5D=1795&secure%5Bdisplayable_resource_type%5D=Category&secure%5Bmedium%5D=sponsored&secure%5Bplacement_reason%5D=page_category&secure%5Bplacement_resource_ids%5D%5B%5D=1795&secure%5Bprioritized%5D=false&secure%5Bproduct_id%5D=1318285&secure%5Bresource_id%5D=1795&secure%5Bresource_type%5D=Category&secure%5Bsource_type%5D=category_page&secure%5Bsource_url%5D=https%3A%2F%2Fwww.g2.com%2Fcategories%2Fcryptocurrency-custody%3Fpage%3D2&secure%5Btoken%5D=6582950f3e2ac7ebabe283e63dccf5c5a5c2bb5cdc1c6f891a10a2912d1ee507&secure%5Burl%5D=https%3A%2F%2Fwww.bcon.global%3Futm_source%3Dg2%26utm_medium%3Dcpc%26utm_campaign%3Dg2_ads%26utm_content%3Dprofile_link&secure%5Burl_type%5D=custom_url) --- ## What Are the Top-Rated Cryptocurrency Custody Software Products in 2026? ### 1. [Kingdom Trust](https://www.g2.com/products/kingdom-trust/reviews) Kingdom Trust provides a highly secure, qualified custody service designed for financial institutions, hedge funds, investment sponsors, RIAs and family offices. **Average Rating:** 4.5/5.0 **Total Reviews:** 1 **Who Is the Company Behind Kingdom Trust?** - **Seller:** [Kingdom Trust](https://www.g2.com/sellers/kingdom-trust) - **Year Founded:** 2010 - **HQ Location:** Murray, US - **LinkedIn® Page:** https://www.linkedin.com/company/1000141 (27 employees on LinkedIn®) **Who Uses This Product?** - **Company Size:** 100% Small-Business ### 2. [Liminal Custody](https://www.g2.com/products/liminal-custody/reviews) Founded by Mahin Gupta and a team of expert engineers, Liminal offers optimized solutions for processing and securing digital assets on an institutional level. Originating from the success of Zebpay, a prominent crypto exchange in India, Liminal addresses vulnerabilities in digital asset management, aiming for secure, automated, and efficient custody solutions. Liminal's advanced wallet infrastructure redefines secure custody, algorithmic asset management, and compliance for Web3 native institutions. Impressive Achievements: Processed Transactions: $9 Billion+ Assets Under Protection: $700M+ Wallet Refills Processed: $600M+ Manual Hours Saved: 1000+ Chain Support: 21+ Live Assets: 1800+ Key Compliance Integrations & Security Certifications: CCSS Level-3 QSP AICPA SOC Type 2 ISO 27001 & 27701 Travel Rule **Average Rating:** 4.0/5.0 **Total Reviews:** 1 **Who Is the Company Behind Liminal Custody?** - **Seller:** [Liminal Custody](https://www.g2.com/sellers/liminal-custody) - **Year Founded:** 2021 - **HQ Location:** Singapore, SG - **Twitter:** @liminalcustody (1,701 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/liminalcustody/ (102 employees on LinkedIn®) **Who Uses This Product?** - **Company Size:** 100% Small-Business ### 3. [Orbitos](https://www.g2.com/products/orbitos/reviews) Orbitos is an all-in-one crypto custody solution designed to make it easier for individuals and institutions to securely store their cryptocurrency assets. The platform was developed to provide financial institutions, hedge funds, and high-net-worth individuals with the tools to safely manage their digital asset portfolios. **Average Rating:** 3.5/5.0 **Total Reviews:** 1 **Who Is the Company Behind Orbitos?** - **Seller:** [Orbitos](https://www.g2.com/sellers/orbitos) - **HQ Location:** Vilnius, LT - **LinkedIn® Page:** https://www.linkedin.com/company/orbitos/?originalSubdomain=lt (1 employees on LinkedIn®) **Who Uses This Product?** - **Company Size:** 100% Mid-Market ### 4. [Paxos](https://www.g2.com/products/paxos/reviews) Breather is the leading provider of space-as-a-service, with a growing network of private workspaces built for productivity. Breather enables businesses to access workspace for hours to years, with hundreds of locations across the globe including New York, San Francisco, Los Angeles and London. **Average Rating:** 4.5/5.0 **Total Reviews:** 1 **Who Is the Company Behind Paxos?** - **Seller:** [Paxos Trust Company](https://www.g2.com/sellers/paxos-trust-company) - **Year Founded:** 2012 - **HQ Location:** Remote-first, US - **Twitter:** @breather (9,517 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/paxos (299 employees on LinkedIn®) ### 5. [QED-it](https://www.g2.com/products/qed-it/reviews) QEDIT provides an enterprise solution for preserving privacy on the Blockchain. Using QEDIT you can transfer ownership of Blockchain assets without revealing the confidential transaction details while still ensuring regulatory compliance according to custom-defined business rules. QEDIT enables running audit queries such as credit and risk scoring without revealing the underlying private data used to calculate the score. **Average Rating:** 4.0/5.0 **Total Reviews:** 1 **Who Is the Company Behind QED-it?** - **Seller:** [QED-it](https://www.g2.com/sellers/qed-it) - **Year Founded:** 2016 - **HQ Location:** Tel Aviv, IL - **Twitter:** @qeditzkp (1,295 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/qedit (9 employees on LinkedIn®) **Who Uses This Product?** - **Company Size:** 100% Small-Business ### 6. [Swiss Crypto Vault](https://www.g2.com/products/swiss-crypto-vault/reviews) Swiss Crypto Vault developed a proprietary hyper secure cold storage concept. It applies the highest standards of cryptographic, IT and physical security as well as multi-party segregation and multi-signing features. The implementation is regularly reviewed by an independent third party. **Average Rating:** 5.0/5.0 **Total Reviews:** 1 **Who Is the Company Behind Swiss Crypto Vault?** - **Seller:** [Swiss Crypto Vault AG](https://www.g2.com/sellers/swiss-crypto-vault-ag) - **Year Founded:** 2013 - **HQ Location:** Zug, CH - **LinkedIn® Page:** https://www.linkedin.com/company/bitcoin-suisse-ag/ (216 employees on LinkedIn®) **Who Uses This Product?** - **Company Size:** 100% Small-Business ### 7. [Velona Vault](https://www.g2.com/products/velona-vault/reviews) Insured & Secured Digital Assets **Average Rating:** 4.0/5.0 **Total Reviews:** 1 **Who Is the Company Behind Velona Vault?** - **Seller:** [Velona](https://www.g2.com/sellers/velona) - **Year Founded:** 2017 - **HQ Location:** tel aviv, IL - **LinkedIn® Page:** http://www.linkedin.com/company/velonablockchain (4 employees on LinkedIn®) **Who Uses This Product?** - **Company Size:** 100% Small-Business ### 8. [Alpha Impact](https://www.g2.com/products/alpha-impact/reviews) View the leaderboard of top traders backed by real trading history. Starting with a minimum of $25, copy the top trader of your choice. Funds remain in your account - no one has access to your funds, ever. **Who Is the Company Behind Alpha Impact?** - **Seller:** [Alpha Impact](https://www.g2.com/sellers/alpha-impact) - **Year Founded:** 2020 - **HQ Location:** Singapore, SG - **LinkedIn® Page:** https://www.linkedin.com/company/alphaimpact-fi (4 employees on LinkedIn®) ### 9. [Anchorage Digital](https://www.g2.com/products/anchorage-digital/reviews) Anchorage Digital is a crypto platform that enables institutions to participate in digital assets through custody, staking, trading, governance, and settlement. With the only federally chartered crypto bank in the US, as well as Anchorage Digital Singapore, which offers equivalent security and service standards, Anchorage Digital delivers an unparalleled combination of security, regulatory compliance, and platform capabilities. The company is funded by leading institutions including Andreessen Horowitz, GIC—Singapore’s sovereign wealth fund, Goldman Sachs, KKR, and Visa, with its most recent Series D valuation over $3 billion. Founded in 2017, Anchorage Digital is headquartered in San Francisco, California with offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. **Who Is the Company Behind Anchorage Digital?** - **Seller:** [Anchorage Digital](https://www.g2.com/sellers/anchorage-digital-3b84493b-6336-40f3-af6e-b557a6990b60) - **Year Founded:** 2017 - **HQ Location:** San Francisco, US - **LinkedIn® Page:** https://www.linkedin.com/company/anchorage (549 employees on LinkedIn®) **Who Uses This Product?** - **Company Size:** 100% Small-Business ### 10. [Choice](https://www.g2.com/products/choice/reviews) Multi-asset retirement accounts the allow you to hold traditional, digital and alternative assets in the same account. Bitcoin, Stocks, ETFs, Gold, Real Estate, Bonds, Private, Equity, Promissory Notes, Startup Shares, and more. **Who Is the Company Behind Choice?** - **Seller:** [Kingdom Trust](https://www.g2.com/sellers/kingdom-trust) - **Year Founded:** 2010 - **HQ Location:** Murray, US - **LinkedIn® Page:** https://www.linkedin.com/company/1000141 (27 employees on LinkedIn®) ### 11. [Composer](https://www.g2.com/products/composer-composer/reviews) Composer allows you to build and backtest trading algorithms with AI, then execute them all in one platform. **Who Is the Company Behind Composer?** - **Seller:** [Composer](https://www.g2.com/sellers/composer) - **Year Founded:** 2020 - **HQ Location:** Remote First, US - **LinkedIn® Page:** https://www.linkedin.com/company/investcomposer (27 employees on LinkedIn®) ### 12. [Enclave Wallet](https://www.g2.com/products/enclave-wallet/reviews) Our Enclave Wallet was designed at the outset for the rigors of institutional custody. That's what allows DACC to offer industry-leading token support while prioritizing security. **Who Is the Company Behind Enclave Wallet?** - **Seller:** [Digital Asset Custody Company](https://www.g2.com/sellers/digital-asset-custody-company) - **Year Founded:** 2017 - **HQ Location:** Secaucus, US - **LinkedIn® Page:** http://www.linkedin.com/company/dacc-custody (1 employees on LinkedIn®) ### 13. [Explace](https://www.g2.com/products/explace/reviews) Explace.io is a simple, secure cryptocurrency exchange platform supporting over 2000+ digital assets. It offers automated swaps with competitive rates, low fees, and high limits, enabling fast, reliable, and large-scale exchanges. Advanced security measures protect your funds and data, while 24/7 support assists users anytime. Ideal for crypto enthusiasts and traders seeking a quick, cost-effective exchange solution. **Who Is the Company Behind Explace?** - **Seller:** [Explace](https://www.g2.com/sellers/explace) - **HQ Location:** N/A - **LinkedIn® Page:** https://www.linkedin.com/company/No-Linkedin-Presence-Added-Intentionally-By-DataOps (1 employees on LinkedIn®) ### 14. [GK8](https://www.g2.com/products/gk8/reviews) GK8, a Galaxy Company, offers both traditional and crypto-native institutions an end-to-end platform for managing blockchain-based assets. The company developed the world’s first true Cold Vault that enables its clients to create, sign, and send secure blockchain transactions without internet connectivity, eliminating all cyber attack vectors. Chosen by Mastercard to help it define the future of blockchain finance and payments, GK8 serves clients managing billions worth of digital assets, including social investing network eToro, Securrency, a blockchain fintech company backed by State Street, U.S. Bank, WisdomTree, and Abu Dhabi Catalyst Partners, the Tezos Foundation, and Prosegur, one of the world’s largest custodians with over $400B assets under management. For more information, visit https://www.gk8.io **Who Is the Company Behind GK8?** - **Seller:** [GK8](https://www.g2.com/sellers/gk8) - **Year Founded:** 2018 - **HQ Location:** Tel-Aviv, IL - **Twitter:** @GK8_Security (1,430 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/gk8 (78 employees on LinkedIn®) ### 15. [inabit](https://www.g2.com/products/inabit/reviews) inabit is a secure self-custody crypto management platform built for businesses and enterprises that need speed, usability, and full control of their digital assets. The platform supports wallet management, on/off ramps, crypto-to-fiat and crypto-to-crypto conversions, settlements, and policy-based transaction controls. It is fast to deploy, easy to embed, and flexible enough to support both API-driven and operational workflows. inabit serves a wide range of use cases across payment service providers, EMIs, OTC desks, custodians, card issuers, trading firms, exchanges, DeFi protocols, eCommerce businesses, and Web3 platforms. Built on a Trusted Computing Mechanism (TCM), it uses secure enclaves through Google Cloud Confidential Space and AMD SEV to safeguard keys and sensitive data. With enterprise-grade security and streamlined functionality, inabit helps teams manage crypto like fiat with confidence and efficiency. inabit offers a suite of three interconnected products: Self-Custody Platform: A highly secure platform for managing digital assets, enabling businesses to hold, transact, and manage cryptocurrencies with advanced security features, including multi-wallet management and end-to-end encryption. Financial Services (On/Off Ramping): A highly profitable product that facilitates seamless conversion between cryptocurrencies and fiat currencies. It includes a robust KYB (Know Your Business) process, allowing businesses to send payments in stablecoins and receive funds in fiat. This service generates revenue through transaction fees and subscription models, enhancing the financial flexibility for clients operating in over 100 countries with support for 30 different currencies. Infra-Tech & Payment Gateway (“Terminal”): This product, currently in the POC (Proof of Concept) phase, offers rapid payment processing, unique wallet addresses for clients, and robust invoice management tools. It targets large vendors, gaming companies, and businesses needing integrated crypto tools. **Who Is the Company Behind inabit?** - **Seller:** [inabit](https://www.g2.com/sellers/inabit) - **HQ Location:** Bnei Brak, IL - **LinkedIn® Page:** https://www.linkedin.com/company/inabit (24 employees on LinkedIn®) ### 16. [Margex](https://www.g2.com/products/exfi-trading-ltd-margex/reviews) eXFI offers the decentrlized and scalable infrastructure that, enables traders to remain in full contorl of the their keys. It combines the CEX security standards with all the benefits of the DEX. **Who Is the Company Behind Margex?** - **Seller:** [eXFi Trading LTD](https://www.g2.com/sellers/exfi-trading-ltd) - **HQ Location:** N/A - **LinkedIn® Page:** https://www.linkedin.com/company/No-Linkedin-Presence-Added-Intentionally-By-DataOps (1 employees on LinkedIn®) ### 17. [Moonitor](https://www.g2.com/products/moonitor/reviews) Moonitor is an elegant and user-friendly Cryptocurrency App Tracker compatible with MacOS, Windows and Linux. **Who Is the Company Behind Moonitor?** - **Seller:** [Moonitor](https://www.g2.com/sellers/moonitor) - **HQ Location:** N/A - **LinkedIn® Page:** https://www.linkedin.com/company/No-Linkedin-Presence-Added-Intentionally-By-DataOps (1 employees on LinkedIn®) ### 18. [Nexo](https://www.g2.com/products/nexo/reviews) Nexo is a premier digital assets wealth platform designed to empower clients to grow, manage, and preserve their crypto holdings. Our mission is to lead the next generation of wealth creation by focusing on customer success and delivering tailored solutions that build enduring value, supported by 24/7 client care. Since 2018, Nexo has provided unmatched opportunities to forward-thinking clients across 199+ jurisdictions. With over $8 billion in AUM and over $403 billion processed, we bring lasting value to millions worldwide. Our all-in-one platform combines advanced technology with a client-first approach, offering high-yield flexible and fixed-term savings, crypto-backed loans, sophisticated trading tools, and liquidity solutions, including the first crypto debit/credit card. Built on deep industry expertise, a sustainable business model, robust infrastructure, stringent security, and global licensing, Nexo champions innovation and long-lasting prosperity. **Who Is the Company Behind Nexo?** - **Seller:** [Nexo](https://www.g2.com/sellers/nexo) - **Year Founded:** 2017 - **HQ Location:** Georgetown, KY - **Twitter:** @Nexo (281,921 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/nexofinance (561 employees on LinkedIn®) ### 19. [Orqestra](https://www.g2.com/products/orqestra/reviews) Orqestra allows businesses to automatically convert a portion of their cash flow into bitcoin. You can transfer the bitcoin to an external wallet or convert back your funds to USD at any time. Orqestra integrates with Stripe, Paypal, Square, Quickbooks, Xero and other popular payment providers. **Who Is the Company Behind Orqestra?** - **Seller:** [Orqestra](https://www.g2.com/sellers/orqestra) - **Year Founded:** 2024 - **HQ Location:** Miami, US - **LinkedIn® Page:** https://www.linkedin.com/company/orqestra/ (6 employees on LinkedIn®) ### 20. [QDAO DeFi](https://www.g2.com/products/qdao-defi/reviews) Make your crypto  assets work for you. The highest crypto deposit rates on the market. Earn Up to 10.37% annually with the Estonia based Q DAO DeFi Platform. **Who Is the Company Behind QDAO DeFi?** - **Seller:** [Platinum Engineering](https://www.g2.com/sellers/platinum-engineering) - **HQ Location:** N/A - **LinkedIn® Page:** https://www.linkedin.com/company/No-Linkedin-Presence-Added-Intentionally-By-DataOps (1 employees on LinkedIn®) ### 21. [Taurus Group](https://www.g2.com/products/taurus-group/reviews) Global leading end-to-end digital asset infrastructure for financial institutions. Multi-assets, multi-blockchains. In Switzerland, more than 1 bank out of 2 runs Taurus infrastructure. We offer a suite of applications to manage the entire lifecycle of any digital assets in one platform: issuance, tokenisation, custody and blockchain communication. **Who Is the Company Behind Taurus Group?** - **Seller:** [Taurus Group SA](https://www.g2.com/sellers/taurus-group-sa) - **Year Founded:** 2018 - **HQ Location:** Geneva, CH - **LinkedIn® Page:** https://www.linkedin.com/company/taurus-sa (120 employees on LinkedIn®) ### 22. [The Vault](https://www.g2.com/products/the-vault-the-vault/reviews) The Vault by Tria Finance is an institutional-grade digital asset custody and treasury management platform built for businesses that need to securely store, manage, and move crypto assets at scale - without building infrastructure from scratch. The platform combines MPC-based key management with a configurable policy engine, multi-user approval workflows, transaction governance controls, and a cryptographic audit trail. This gives compliance, operations, and treasury teams full visibility and control over digital asset flows while meeting the regulatory expectations of licensed financial institutions. The Vault is available in three deployment models to match different levels of control, security, and operational needs: 1. In-house Vault - a full on-premise solution deployed on the client's own infrastructure. All private keys, wallets, and operational data remain within the client's perimeter. It supports hot, warm, or cold storage setups with tailored key distribution strategies, and integrates directly into the client's existing enterprise environment. Designed for organizations that require maximum control and data sovereignty. 2. Cloud Vault - a ready-to-use managed platform for hosting own and client crypto wallets with no deployment required. It offers full or shared wallet control, multiple key distribution configurations, and can be operated manually or automated via API with 24/7 access and maintenance. 3. Crypto-as-a-Service - a white-labeled, plug-and-play solution that enables businesses to offer crypto custody and wallet services to their own clients. It includes both custodial and non-custodial wallet models, built-in AML procedures (KYC, KYT, Travel Rule), and is backed by CASP-licensed operational framework with business SLAs. All three models share the same core platform: MPC and TEE-based key protection, role-based multi-user access, a flexible policy engine with approval workflows, spending limits and address whitelists, comprehensive audit trail with full activity attribution, and multi-chain wallet support across Ethereum, TRON, Bitcoin and other networks. The platform is accessible via web portal, mobile application, and API. **Who Is the Company Behind The Vault?** - **Seller:** [The Vault](https://www.g2.com/sellers/the-vault-63210eed-fc3c-46bb-8f96-9be61e0c9865) - **HQ Location:** N/A - **LinkedIn® Page:** https://www.linkedin.com/company/thevaultsoft/ (27 employees on LinkedIn®) ## What Is Cryptocurrency Custody Software? [Cryptocurrency Software](https://www.g2.com/categories/cryptocurrency) ## What Software Categories Are Similar to Cryptocurrency Custody Software? - [Cryptocurrency Wallets](https://www.g2.com/categories/cryptocurrency-wallets) --- ## How Do You Choose the Right Cryptocurrency Custody Software? ### What You Should Know About Cryptocurrency Custody Software ### What is Cryptocurrency Custody Software? Cryptocurrency custody software is an independent storage and security vault system that stores large quantities of digital assets. Its initial purpose was to help institutional investors (hedge funds, for example) shift their technical challenges of keeping digital assets onto a third-party cryptocurrency custody provider or custodians. However, cryptocurrency custody has become a common practice even among individual investors and is required by law in several jurisdictions. In essence, cryptocurrency custody solutions offer custodial services to store and secure digital assets like cryptocurrency or NFTs. These products can help mitigate several security risks, including crypto theft. However, these products don’t keep any assets. Instead, they safeguard private keys, which are a complex combination of alphanumerics used to access crypto holdings and perform transactions. Buyers may also come across crypto custody while researching [cryptocurrency wallets](https://www.g2.com/categories/cryptocurrency-wallets). In short, crypto wallets are solutions used to store private keys and can be broadly classified as custodial and non-custodial wallets. In custodial wallets, custodians hold the private keys of a user. On the other hand, non-custodial wallets grant users complete control over their private keys. #### What Types of Cryptocurrency Custody Software Exist? Cryptocurrency custody software can be classified into three broad categories as follows: **Crypto self-custody software:** Self-custody cryptocurrency software is ideal for users who require complete control over their crypto assets. Simply put, it’s when the user personally holds the private keys without any third-party custodian’s assistance. There are several risks associated with this type of digital asset custody. For example, the associated crypto is lost forever if the holder forgets their private keys. Self-custody crypto software can be in the form of self-managed hardware or software wallet. **Crypto partial-custody software:** Partial ownership or custody is the better option if the buyer wants to have ample control over their assets but still wants to benefit from a third-party custodial service. The custodian possesses a key for co-signing the user’s transactions in this custodial software. It’s typically a self-managed wallet with a certain degree of security and assistance from the third-party custodian. **Third-party crypto custody software:** As the name suggests, this type of crypto custody software offers third-party crypto custodians responsible for securing the holder’s assets. Out of all three types, this custody solution comes with the highest level of digital asset protection. This software offers different types and levels of security to choose from. For instance, users can store their assets in hot or cold wallets based on their requirements. Since the custodians hold the private keys, buyers can easily recover them in case of any loss. ### What are the Common Features of Cryptocurrency Custody Software? The following are some core features of cryptocurrency custody software: **Key management:** Storing and securing private keys is a crucial feature of crypto custody software. Ultimately, key management can be viewed as a form of asset management, as the assets can be accessed on the blockchain only using private keys. The key itself is the asset. **Cold storage:** A custody solution offers the highest possible level of security with cold storage. Cold storage stores private keys, so they can’t be accessed from any outside network. It’s crucial for long-term investment in digital assets. **Multi-signature approval:** Both partial and third-party custody requires multiple signature approvals to move assets. The purpose of this feature is to restrict a single entity from being able to perform digital asset trading. **Multi-party computing:** The multi-party computing (MPC) architecture requires different parties to contribute to computation without being able to view each other's data. MPC adds security while maintaining flexibility. **Policy layer:** The policy layer is the cornerstone of any crypto custodial solution. It manages the rules and regulations depending on the value and frequency of transactions. ### What are the Benefits of Cryptocurrency Custody Software? The following are some of the common benefits of using a crypto custody tool: **Convenience:** Although self-custody cryptocurrency software grants users complete control over their assets, it involves a lot of work. For instance, holders are responsible for generating and keeping track of private keys. As mentioned earlier, if they lose these keys, they lose access to their assets forever. Such inconveniences are eliminated by relying on a third-party custodian. **Security:** Cryptocurrency custody software products are made to secure digital assets and make things easier for holders. It offers reliable security, especially for institutional holders, who hackers heavily target. With the help of these products, businesses can ensure their digital assets are less likely to be stolen or lost. **Key recovery:** As mentioned above, crypto custody service providers can help investors recover their private keys if lost. This is a major advantage of third-party custody software over self-custody, as in the latter case, a private key is lost forever. The custodian usually has multiple backups of the keys stored in different locations. **Regulatory requirements:** Several government regulations make it mandatory for institutional investors to store their holdings with custodians. The [Dodd-Frank Act](https://www.sec.gov/spotlight/dodd-frank-act) by the U.S. Securities and Exchange Commission (SEC) mandates that institutional investors who deal with customer assets worth more than $150,000 should store holdings with qualified custodians. ### Who Uses Cryptocurrency Custody Software? **Institutional Investors:** Financial institutions that deal with customer assets can use crypto custody tools to offload their technical responsibilities around storage and security. **Individual Investors:** Individual crypto holders can rely on crypto custody software and reduce the likelihood of their assets being stolen or lost. #### Software Related to Cryptocurrency Custody Software Related solutions that can be used together with cryptocurrency custody software include: [Cryptocurrency wallets](https://www.g2.com/categories/cryptocurrency-wallets) **:** Crypto wallets are digital solutions that enable users to store and manage digital assets. In essence, they allow users to store their private keys securely. [Cryptocurrency exchanges](https://www.g2.com/categories/cryptocurrency-exchanges) **:** Crypto exchanges are platforms for trading cryptocurrency for traditional currencies or other assets. ### Challenges with Cryptocurrency Custody Software **Identity verification:** Anonymity is one of the key principles of blockchain. However, to meet several compliance requirements, custodians must perform know-your-customer (KYC) procedures. Of course, this process can be completed in a few minutes. But it’s not just the customers who need to be verified—even node operators, who write transactions, should be verified. Users can’t perform any transaction until they prove their identity. **Lack of control:** A major disadvantage of third-party crypto custody software is that users have no autonomy over their wallets. The custodian has complete control over the assets. They can take several actions, including freezing the stored assets. ### How to Buy Cryptocurrency Custody Software #### Requirements Gathering (RFI/RFP) for Cryptocurrency Custody Software The cryptocurrency custody software market is as diverse as it comes. None of the software vendors have a “one-size-fits-all” solution. This is mainly because crypto holders have differing requirements. It’s also because digital currencies are still in the process of being adopted. The process of buying a cryptocurrency custody solution will be different for individual investors and institutional investors. For individual investors, more emphasis will be on the flexibility and cost-effectiveness of the solution. Whereas for financial institutions, the level of security, availability of integrations, and type of storage will matter more. This step of understanding what the buyer expects to do with the software product is called requirements gathering. This step can significantly impact the success of the software purchase. Buyers should also have a precise understanding of their budget. #### Compare Cryptocurrency Custody Software Products **Create a long list** Buyers should start their software purchase journey by creating a long list of crypto custody products. At this point, buyers should aim to get a better understanding of the options available instead of trying to find the best solution. This initial list can contain any product that meets the organization's basic requirements. The key here is to eliminate products that don’t offer critical functionality. **Create a short list** Buyers should create a shorter list by eliminating products from the initial long list. This can be done by being more specific with their requirements and removing costlier options. Depending on the requirements, buyers can check whether the platform supports staking for blockchains like Ethereum, Tezos, or Solana and eliminate products accordingly. Buyers can also check the governance policies of the software vendor, check whether the solution is institutional-grade, and see whether there are multiple storage options available. **Conduct demos** Product demos can help buyers effectively compare software products from the short list. Be sure to test the products with the same use cases. Demos are also useful to judge the product's usability and user experience and check whether the product functions as advertised. #### Selection of Cryptocurrency Custody Software **Choose a selection team** Choosing a crypto custody solution is a critical decision as it directly affects the security of the institutions’ or individuals’ digital assets. Therefore, it’s crucial to have the right people involved in the decision-making process. Relevant stakeholders include financial advisors, fund managers, security teams, and risk analysts. **Negotiation** Buyers should try having open conversations with the vendors regarding their requirements. Vendors may offer discounts for multi-year contracts and reduce prices by removing certain optional features. **Final decision** It’s advisable to make the final decision by implementing the custody product on a small scale. Buyers can choose to onboard a limited number of assets and see how the solution handles them. If the buyers discover any critical issues or spot undeveloped features, they can take it up with the vendor or re-evaluate their options.