NYDIG provides third-party services and a $1,000,000 minimum balance.
Custody Model
ModelThird-Party
LicensesNYDFS BitLicense; OCC-supervised bank holding company regulatory framework
RegulatoryBank-level regulatory oversight via Stone Ridge Holdings Group (OCC-supervised); NYDFS BitLicense; BSA/AML and OFAC compliance
JurisdictionUnited States (New York)
Fees & Minimums
Min Balance$1,000,000
Security
Cold Storage95%+
InsuranceCommercial crime insurance covering digital assets held in custody; coverage levels disclosed to institutional clients under NDA.
Proof of Reserves No
AuditsAnnual SOC 2 Type II audit; ongoing bank-level regulatory examinations through Stone Ridge Holdings
Features
API Access Not available
Mobile App No
Hardware Wallet Not supported
Institutional Not offered
Integrated Trading No
About NYDIG
Best for: Banks, insurance companies, and institutional investors seeking a Bitcoin-only custodian with bank-level regulatory backing and deep experience serving regulated financial institutions.
Insurance coverage: Commercial crime insurance covering digital assets held in custody; coverage levels disclosed to institutional clients under NDA..
Frequently Asked Questions About NYDIG
NYDIG's qualified custodian status is listed as "not specified". Confirm directly with NYDIG about their regulatory status before entrusting assets.
NYDIG carries the following insurance coverage: Commercial crime insurance covering digital assets held in custody; coverage levels disclosed to institutional clients under NDA.. Always confirm specific coverage terms, limits, and exclusions directly with NYDIG before depositing assets.
NYDIG stores 95%+ of assets in cold storage (offline). Cold storage protects against remote hacking by keeping private keys disconnected from the internet.
NYDIG offers customised pricing depending on assets under custody and service level. Contact NYDIG directly for a fee quote.
The minimum balance requirement at NYDIG is $1,000,000. This may vary based on account type and service tier.
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: Oct 17, 2026