Coinbase’s Vault product has seen remarkable adoption since its launch, solidifying our position as a leading custodian of bitcoin globally. However, one consistent user demand has been clear: Customers want full control over their private keys. Today, we’re addressing this with the launch of Multisig Vault, empowering users with self-managed security while maintaining Coinbase’s ease of use.
Why Multisig Vault Matters
Bitcoin’s decentralized ethos hinges on individual ownership, yet many users rely on custodial services for security. Post-MtGox, the need for trust-minimized solutions has grown. Multisig Vault bridges this gap by:
- Granting exclusive control over private keys to users.
- Eliminating Coinbase’s access to funds, mitigating risks like hacks, bankruptcy, or seizures.
- Supporting both individual and group vaults (e.g., 2-of-3 or 3-of-5 key structures).
👉 Explore Multisig Vault’s advanced security features
How Multisig Vault Works
Key Distribution
Individual Vaults:
- Coinbase-held key: Facilitates recovery if user keys are lost.
- User-held key: Stored securely by the customer.
- Shared key: Encrypted with a password only you know.
Group Vaults:
- Ideal for families/institutions.
- Coinbase holds zero keys; approvals require consensus among designated keyholders.
Setup Process
- Select “I will manage security myself” during vault creation.
- Securely store your backup key (loss = irreversible fund access).
Benefits & Considerations
Advantages
- Enhanced Security: No single point of failure.
- Institutional Adoption: Ideal for high-net-worth individuals and organizations.
- Free & Open-Source: Includes a recovery tool for worst-case scenarios.
Responsibilities
- Backup key management: Coinbase cannot recover lost keys.
- Recommended for advanced users due to self-custody risks.
👉 Start securing your bitcoin with Multisig Vault today
Multisig Vault vs. Coinbase Wallet
| Feature | Multisig Vault | Coinbase Wallet |
|-----------------------|-------------------------|-------------------------|
| Control | User-held keys | Coinbase-managed |
| Use Case | Long-term savings | Daily transactions |
| Convenience | Higher security steps | Instant payments, APIs |
“A Coinbase Wallet paired with a Multisig Vault offers convenience plus sovereignty.”
Frequently Asked Questions (FAQ)
1. Is Multisig Vault free?
Yes, it’s 100% free for all Coinbase users.
2. Can Coinbase recover my funds if I lose my keys?
No. Self-custody means you’re solely responsible for backups.
3. Who holds keys in a group vault?
Designated members (e.g., family/institution)—Coinbase holds none.
4. Why combine Multisig Vault with a Coinbase Wallet?
The wallet enables easy spending, while the vault secures savings.
5. Is this available globally?
Yes, for all Coinbase-supported regions.
6. How do I set it up?
Visit Coinbase’s Multisig Vault page to begin.
Final Thoughts
Multisig Vault represents a paradigm shift in balancing security and usability. By decentralizing trust, we’re advancing bitcoin’s core principles while catering to real-world needs. Whether you’re an individual or institution, this tool puts you in charge—exactly as bitcoin intended.
Disclaimer: Self-custody requires diligence. Ensure you understand the risks before proceeding.