Coinbase Announces 'The Vault', An Ultra-Secure Account For Large Balances
San Francisco-based Coinbase has announced a new account type for users who wish to securely store large amount of bitcoins outside of traditional account types. Dubbed The Vault, the product will sit as an option near the traditional account type, the Wallet, beginning today. So what exactly separates a Vault account from a traditional Wallet? According to Coinbase, using a Wallet is akin to carrying cash in your pocket. Using Vault, on the other hand, is more like using a savings account at the local bank. In terms of security, the Vault has three layers of protection. The first is....
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Coinbase is launching a new account that offers additional security features for storing large amounts of bitcoin. Called 'Vault', the new account was designed in response to demand for a more secure type of wallet from Coinbase's growing customer base of institutions and wealthy individuals, according to company CEO Brian Armstrong, who explained: "We are moving to a place where we are starting to offer more and more professional financial services that high net-worth individuals would really expect from their financial service providers." Enterprise features. Vault accounts include....
Coinbase Vault, first revealed a few months ago, has now implemented a multisig feature that has been demanded far and wide by Coinbase's international customer base. In one fell swoop, Coinbase has set themselves apart from their competitor, Circle, in a big way. Today, Coinbase announced their Multisig Vault, which allows users to control their own private keys on Coinbase. This means that even in the event of Coinbase's untimely demise, bitcoins "stored" in the Coinbase multisig vault would still be accessible to the user. Users would be able to use open source tools, like this one, to....
Updated with comment from Coinbase CEO Brian Armstrong. Coinbase announced today it is adding multi-signature (multisig) features to its Vault product, giving users greater control of their own security. The company's Vault feature initially launched in July and is aimed at users wishing to store larger amounts of bitcoin in a more secure manner over longer periods, with delayed withdrawals and multiple approvals. Different than Coinbase's regular wallet, Multisig and regular Vault accounts are not intended for everyday spending, and lack certain convenience features like API access,....
Starting today, anyone can store his/her bitcoins in a Coinbase Vault. Earlier in July, the popular Bitcoin exchange, wallet, and payments processor - Coinbase, announced Coinbase Vault, a free, optional service for safer long-term Bitcoin storage. The Vault wasn't immediately available to all users, and was instead gradually rolled out. General availability was targeted for July 16th, and although Coinbase seems to have missed their target by a few days, the Vault is now available to all users worldwide. Features. The general recommendation for Bitcoin wallets is to store a small....
In a precedent-setting victory for the United States tax authorities, a California federal court has ruled in favor of the IRS serving Coinbase Inc. with a “John Doe” summons. The IRS requires the approval of a federal court in order to issue said summons, which covers virtually all Coinbase users who were clients from 2013 to 2015. The extent of this back-door surveillance is stunning in its depth and scope. Let’s review what the official “John Doe” summons requires of Coinbase: “Complete user profile, history of changes to user profile from account inception, complete user preferences,....