Cryptocurrencies are entirely digital and function differently from traditional currencies, especially when it comes to storage and management. Unlike physical currencies, digital assets cannot be kept in a physical location since they do not exist in physical form. Instead, they remain stored on a blockchain network, and users can access them through a “private key” linked to the public address of their assets. If this private key is lost, it becomes impossible to retrieve access to the assets. Thus, it’s critical to keep corresponding keys secure.
Various types of crypto wallets offer different features and levels of security, accessibility, and convenience. One such wallet type is offline storage, which provides the highest level of security for digital assets. Our Self-Custody Account offers the most secure offline storage solution in the industry, ensuring that your assets remain protected from any online threats. With our Self-Custody Account, you can rest assured that your digital assets are kept safe and secure at all times.
What is Offline Storage?
Offline storage is a form of digital asset storage where the server storing your Bitcoin is entirely disconnected from the internet. This type of storage is typically used for long-term storage of digital currencies. Offline storage offers the highest level of security as it is never connected to the internet. It’s like storing assets in a bank vault where they are accessible but not as quickly as cash.
Compared to hot wallets, which are constantly connected to the internet, offline storage is much more secure. Hot wallets, by their very nature, are more vulnerable to attacks, and storing large amounts of digital currencies in them is similar to carrying around large sums of cash. This puts your assets at considerable risk. By contrast, offline storage provides an additional layer of protection, making it an ideal solution for anyone seeking to safeguard their digital assets for the long term.
Switzerland – The Safest Location for Bitcoin
Bitcoin are evident. It has a long tradition of securing the world’s most valuable private assets. Switzerland’s bank vaults are world-famous for their impenetrability. Switzerland is also one of the stablest countries in the world. Its policy of neutrality has kept it away from international conflicts and made it avoid major entanglements. Having our servers in Switzerland means they are located in one of the safest locations in the world.
Switzerland is also one the world’s most accommodating jurisdictions for Bitcoin. It is the first major economy to have produced a clear, sturdy and logical legal framework to regulate the sector. Over the past few years, the Swiss government enacted a series of common-sense laws regarding digital assets. There are no burdensome legal requirements applying to the safekeeping of Bitcoin. Complemented by some of the world’s toughest anti-money laundering laws, the legal environment in Switzerland is fertile for the continued development and accommodation of Bitcoin.
State-of-the-art Data Center in Switzerland
The building that houses the data center many meters below ground is owned by one of Switzerland’s largest network companies. The facility is capable of withstanding all kinds of military and civilian threats.
Access to the facility is very strictly controlled. Only designated and police-certified employees of the operating company have access to certain areas. Each operation is conducted on the basis of the four-eyes principle. All locations are under 24/7 video surveillance and equipped with a sophisticated fire alarm system.
The data center also has biometric access control, equal-height turnstiles, video surveillance, emergency power systems, fail-safe air conditioning and a fully redundant Internet connection.
Convenient and Highly Secure
Once a client decides to store his Bitcoin in our offline storage solution, they simply and securely deposit their Bitcoin via the web-dashboard of the Self-Custody Account.
From this moment on, the clients’ Bitcoin is completely offline and no longer accessible via the internet. The customer can still view the amount of Bitcoin in offline storage on the Self-Custody account web interface, but they will not be able to gain immediate access to it.
If the client wants to take their Bitcoin out of offline storage, a manual high-security process is started internally. This process usually takes between 6-8 hours, as an employee must physically enter the data center and take the Bitcoin out of offline storage and transfer it to the client’s account.
Open a Self-Custody Account Today
Own Your Bitcoin with Self-Custody: Advanced Security and Offline Storage in Switzerland. Open Your Account Now.