Marketed as “your peace of mind solution”, the Swiss Crypto Vault has a pretty obvious name. It is a vault in which you can store your crypto… and it is in Switzerland. The company is a strategic partnership between Swiss Gold Safe AG and Bitcoin Suisse AG.
What Is The Swiss Crypto Vault?
The Swiss Crypto Vault offers multiple layers of protection for your money because it stores it on a vault with secure cold storage. It uses cryptographic and physical security so nobody will be able to have any access to your money.
Switzerland is a very political and legal stable country that is independent and a great place to store your cryptos. The vault is on a deep location on the Swiss Alps and nobody will be able to have access to the money without passing via the multi-signing security. Your money will be secure but it will be available for you while you use the services of this company.
How Does The Swiss Crypto Vault Work?
You deposit your holdings by transferring them to the public address of the company. After you send the funds to your account, you will be able to access them via an user-friendly online portal and initiate withdrawals. You will be notified via SMS and email, so there is no way that you will not be unaware if someone tries to get access to your money.
After you try to take your money back, you can cancel the transaction via email or SMS if you want. Finally, the money will be released to you. You can tweak and personalize your account by taking some actions like defining the transactional delay before the withdrawal is made. You can also decide who will be able to cancel or approve the transactions depending on your security concerns.
You can even set up a flexible authorization process that will give you multiple options like setting up requestors, controllers and approvers.
About The Owners of The Swiss Crypto Vault
As stated before, this service is a creation of Swiss Gold Safe AG, expert in storage services since 2016, and Bitcoin Suisse AG, a cryptocurrency solution founded on 2013. The company is based in Zug, Switzerland, and it was created in 2017. The clients of the companies are generally institutional investors or High Net Worth Individuals.
The third party review of the assets that are being held by the company is made by PricewaterhouseCoopers (PwC). The key generation process is made by Zühlke.
The Swiss Crypto Vault Verdict
This looks to be a fairly secure option for people who are interested in services that will really protect their money. However, be assured that this is for big investors only. The costs of putting your tokens in this vault if you are anything less than rich are simply not worth for you.