Free Insured Vault / Cold Storage

Free Insured Vault / Cold Storage

Nebeus offers Free Insured Vault/Cold Storage for secure storage of Bitcoin and Ethereum. Here's how our insured vaults work:

  1. Deposit: When you deposit funds into the Nebeus vault, they are automatically sent to BitGo, one of the leading crypto custodians globally.

  2. Cold Storage: BitGo securely stores your funds in a cold wallet, which is physically placed in a bank-grade Class III secured vault. This ensures the highest level of protection for your cryptocurrencies.

  3. Insurance Coverage: Your funds stored in the Nebeus insured vault are protected by Lloyd's of London for up to $250 million. This insurance coverage safeguards your funds against risks such as third-party hacks, copying, loss, theft of private keys, insider theft, and the failure of a centralized platform's business.

  4. Withdrawal Process: When you request to withdraw your funds, BitGo performs identity verification and generates a transaction that requires offline signing using Multi-Sig technology. This process enhances security and accountability.

  5. Co-Signing and Transfer: After the offline transaction is signed, BitGo co-signs it, and the funds are transferred. Due to the rigorous security measures in place, the withdrawal process can take up to 48 hours to be completed.

Please note:
  1. Nebeus covers the costs of BitGo's insured cold storage, making it a free option for our users.
  2. This solution differs from decentralized finance (DeFi) as Nebeus retains control of the keys to the cold wallets on BitGo.
  3. For more information or assistance, please contact our support team. They will be happy to assist you.

Disclaimer: The information provided here is for informational purposes only and may be subject to change. It is advisable to reach out to Nebeus support or refer to your Nebeus account for the most up-to-date information regarding the insured vaults.

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