CoinCorner Introduces Lloyd’s Insured Bitcoin (BTC) Custody With AnchorWatch

CoinCorner and AnchorWatch have brought a new insured Bitcoin custody option to everyday holders, pairing exchange-account convenience with multi-signature control and coverage arranged through Lloyd’s of London.Isle of Man-based CoinCorner, a Bitcoin and Lightning company that has served customers for more than a decade, has rolled out a product branded Vault.

The service is built with US custody and insurance specialist AnchorWatch and is designed so users can keep bitcoin in cold storage without assembling hardware wallets, managing seed phrases, or running their own multi-sig setup.

CoinCorner describes the offering as multi-signature, multi-jurisdiction, and multi-entity custody, with insurance that addresses loss of keys and unauthorised access.

Under the Vault model, control of customer bitcoin is split between two independent firms in different jurisdictions.

CoinCorner holds one signing key and AnchorWatch holds the other, so neither party can move funds on its own.

That structure is meant to reduce single-custodian and single-jurisdiction risk while keeping the user experience inside a familiar CoinCorner account.

Customers can also set their own identity checks that must be completed before a transfer is authorised, adding a custom theft-protection layer on top of the cryptographic quorum.