BitGo
Qualified Custodian
Established Est. 2013
United States
21Rates Quality Score: 75.0/10
BitGo, founded 2013 in Palo Alto, is the leading digital asset custody and wallet provider with $64+ billion AUM, serving 2,000+ institutions in 90+ countries. Pioneered multi-signature wallets and offers qualified custody, trading, and lending services.
Custody Model
ModelHosted Custody
LicensesSouth Dakota Trust Company charter, NYDFS BitLicense, OCC-regulated qualified custodian
RegulatoryBSA/AML, OFAC compliance, state-regulated trust
JurisdictionUnited States (South Dakota Trust, OCC-regulated)
Fees & Minimums
Fee Structure0.04-0.15% annual custody fee based on AUM tier. Hot wallet: $500/mo base. $50K minimum AUM for institutional custody.
Min Balance$50,000
WithdrawalsConfigurable per-client policy
Security
Cold Storage95%+ cold storage
Insurance$250M insurance policy via Lloyd's of London
Proof of Reservesfalse
Asset SegregationYes
Multi-Sig Supported
AuditsAnnual SOC 2 audits
Features
API Access Available
Mobile App No
Hardware Wallet Not supported
Institutional Available
Integrated Trading Yes
AssetsBTC, ETH, SOL, XRP, LTC, 700+ digital assets
Frequently Asked Questions About BitGo
About this analysis
21Rates Editorial TeamBitcoin Financial Research Analysts
Our research team analyses Bitcoin custody providers using proprietary quality scoring, regulatory research, and user reviews. We independently verify custody terms and maintain up-to-date information to help you make informed decisions.
Last verified: July 2026