Bitgo is one of the topmost trusted wallet providers in the bitcoin space. The Bitgo wallet uses multisignature technology to underpin its product offering by sharing keys between themselves and the user.
This platform also enables exchanges, marketplaces, and e-commerce players to facilitate secure, multi-party transactions that are secured with BitGo. It is a multi-currency wallet that has been operating since 2013.
In this article, we will give you a detailed guide to the BitGo Wallet and its overall aspects. Let us look into this BitGo Wallet review in detail now.
| Name | BitGo Wallet |
| Released | 2013 |
| Wallet type | Multi-currency, Multi-signature wallet |
| Platforms supported | Linux, Chrome, Firefox, and Windows |
| Cryptocurrencies supported | Supports 200+ currencies including BitCoin(BTC), Dashcoin(DSH),Dogecoin (DOGE), Emercoin(EMC), and more |
| Mobile support | No |
BitGo is a bitcoin wallet that provides users with excellent security features, interactive design, and a modern interface. It is a multi-signature, multi-user, and secure wallet which provides top-notch services when compared to the other wallets.
BitGo is a cryptocurrency wallet and vault service provider that offers its portfolio for both individuals and organizations. The company was established in 2013 byMike Belshe and Ben Davenport. Its headquarters is located in Palo Alto, California.
The wallet was launched primarily to help those businesses who regularly use bitcoins for transactions. Top investors of the company include Goldman Sachs, DRW Ventures, Digital Currency Group, and Redpoint Ventures back BitGo.
“The Valor Team’s Commitment To Materially Helping Their Portfolio Companies Above And Beyond Their Investment Is Real And Tangible. They Exceeded My Expectations In Every Way And Brought In Real Resources To Help Us Grow And Scale. I’m Blown Away By The Willingness To Help And The Incredible Talent And Experience Valor Brought To Us.”— MIKE BELSHE, CO-FOUNDER & CEO, BITGO
Step 1: Navigate to the official website and click on the Signup option
Step 2: Select your account type: There are two types of accounts. The individual account pays fees per transaction. The other is an enterprise account.
Step 3: Provide your personal information and finish the signup
Step 4: Click on the link received in your registered email address.
Step 5: Login after email verification. Set up the two-factor authenticator (2FA), which could be used through Google Authenticator or Yubikey.
Step 6: As you register an account, you get a recovery key for your wallet. The key should be stashed in your computer and printed out to effectively safeguard it from attacks.
In cases wherein you forget the password, Go to the sign-in page and then click the “Forgot Password” option. That will prompt you to enter the email address you used to create the account. Once you do that, you will get an automated email with password reset instructions.
Step 1: Log in to your BitGo account.
Step 2: Head over to the “Wallet” page and click “My BitGo Wallet” to access the transaction page.
Step 3: Once there, click on the “Receive” button to receive coins to your balance.
Step 4: Now, you will be redirected towards the transfer page. Here you can generate QR or address codes.
Step 5: Enter the volume you wish and you are all set.
Step 1: Log in to your BitGo account.
Step 2: Head over to the “Wallet” page and click “My BitGo Wallet” to access the transaction page.
Step 3: Once there, click on the “Send” button to provide coins from your balance.
Step 4: Now, you will be redirected towards the transfer page. Here you can generate QR or address codes.
Step 5: Enter the volume you wish and you are all set.
BitGo wallet supports over 200+ digital assets. Some of the major supported currencies include:
Based on the type of wallet service used, BitGo offers variable fees, These can be listed briefly as below:
BitGo Custody: This service is designed to hold assets for financial houses. It allows cold storage and hot wallet access via the web and an API. The minimum account value is USD 1 million.
Business Wallet: This is a secure wallet for transactions. It supports trading in over 100 coins & tokens. The minimum transaction volume is USD 1 million per month. Fees vary with volume.
BitGo Pay As You Go wallet: This is a hot wallet for individuals. It supports trading only BTC, BCH, BTG, Bitcoin SV, LTC, Zcash, XLM, and Dash. About 0.25% is charged per withdrawal and 1% for BTG and Bitcoin SV.
BitGo deploys some of the high-grade security features. The wallet has one of the best security systems. BitGo even serves as a key custodian to several wallets including Luno. It also supports 2-way authentication along with the other security options which makes it more reliable and secure
The wallet is protected with multi-sig and key management features. The wallet splits the keys between itself and the customer. An attacker would have to breach both the user and the BitGo systems to steal the keys. The customer generates and stores the customer key.
BitGo is one of the safest and secure wallets for trading and making transactions of bitcoins. BitGo’s powerful API gives institutional investors the option of directly integrating multi-signature security, policies, and controls into their own platform.
BitGo is also the first wallet provider to provide clients with the ability to purchase their own theft insurance and Lost Key Cover directly through Digital Asset Services.
BitGo cold wallets represent the most secure method of storing digital assets. Private keys are generated offline and are never exposed to an online network, reducing risk.
No, Bitgo wallet does not have a mobile app
BitGo wallet supports over 200+ digital assets. Some of them are Bitcoin, Etherum, Ripple Bitcoin Cash, Stellar, and Litecoin.
Select BitGo from the dropdown menu in the ‘Settings > Wallet’ panel, then hit the ‘Save’ button. A rep for each coin will be stored in the BitGo wallet.
You can use the account recovery feature on our website if you’ve lost access to your BitGo account.
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