CRYPTOCURRENCY
CUSTODY

Simple and Secure

Deposit

step 1

Customer sends a deposit

Earn

Token staking

REPO interest

Withdraw

step 1

Customer requests a withdrawal

step 2

REDOT performs verification and generates a transaction

step 3

Transaction is signed by M-of-N signatures per SLA

step 4

Customer receives funds

ROBUST EXCHANGE DESIGNED for Institutions

Audits, Bug Bounty

Segregated Multisig Cold Storage

Internal Activity Logging

No Single Point of Failure

Data & Identity Authentication

Physical Security Protocols

Best Custody.
Period.

No single points of failure by design in custody processes

Fund transfer based on strict SLAs of 1 to 24h

Security audits, bug bounty, whitehat hacker engagement

Segregated multi-signature M-of-N key storage

Private keys split into pieces that must be assembled to execute transactions

Access via UI or modern APIs

Network Participation enabling on-chain staking and governance

Regular change of management and physical security protocols

Direct deposits to Redot’s battle-tested cold storage

Authentication to verify identity and instructions of customers

Extensive client-side transaction reporting

Stringent compliance with AML/KYC rules

Support for virtually any digital assets upon request

Internal activity logging with detailed monitoring and alerts

24/7 responsive client support

No setup fee minimums, freemium model

Enhanced yield via REPO on balances

Not all Custody is
the Same or
Secure

Technology

Types Of Crypto Custody Wallets

There are many cryptocurrency custody services available, and typically they are classified into two types. The hot wallet and the cold wallet.

The Hot Wallet

The hot wallet is a wallet connected to the internet. Considering that a hot wallet is typically more convenient to use, it's a more popular option among crypto investors. This advantage is also a weakness of the hot wallet, as it is susceptible to hacks and security breaches. Regardless of whether you're a whale or a retail investor looking for a Bitcoin custody service, secure custody of ETH tokens, or other tokens, there is an alternative wallet that might suit your security needs better; the cold wallet.

The Cold Wallet

Cold wallets are also known as offline wallets. They can be useful if you plan to hold assets over an extended period of time, while they are not best suited for actively trading tokens. Cold wallets are physical devices that keep your private keys offline. These wallet types can be custodial (if you decide to use a third-party service storing crypto for you) or non-custodial depending on the trader’s preferences. Is it inconvenient to carry a cold wallet around? Not at all! Most of them are portable and can often be as small as a USB drive.

While there are many cold wallet options available, the most commonly seen are Trezor One, Ledger Nano X, and SafePal X1. While they are believed to be safer than hot wallets, their safety is dependent on how well the owner handles them. There are many stories of early Bitcoin investors who are unable to access their fortune due to losing credentials from their wallets. Bitcoin’s motto “Become your own bank” comes with both opportunities and threats.

Redot Custodial Wallet

Redot is a powerful crypto exchange that also offers crypto custody services. Unlike some non-custodial wallets, Redot is convenient and safe — It uses deep cold storage and other sophisticated means to protect traders' digital assets. If you are searching for a Bitcoin custody solution or other crypto custody services, Redot is the right call for you. To ensure security, Redot also offers additional measures such as monthly audit of transactions, withdrawal protection, an extra security layer with the 2-factor authentication, and the U2F, one of the most effective methods against phishing attempts.

CRYPTOCURRENCY CUSTODY