Our collaborative custody model eliminates single failure points, ensuring your Bitcoin assets remain secure and accessible.
While many may neglect Bitcoin inheritance, we prioritize it as a crucial part of our services.
Experience enhanced security with layered defenses that include features like emergency lockdown and robust protection against potential threats.
Utilize cutting-edge features such as flexible spending policies, ensuring your assets are managed and protected according to your specific needs.
We safekeep just one of your multisig wallet keys, ensuring no single point of access to your funds. Your Bitcoin is always in your control, never in ours.Book a call
The Nunchuk platform is completely digital, available to everyone, non-custodial, and private by design— built on cryptographic secrets, not proof of identity.Book a call
The Bitcoin Way offers two collaborative custody options: a Standard Plan and an Advanced Plan.
The Standard Plan allows you to create a 2-of-3 or 3-of-5 multisig wallet. You, the client, always hold the majority of the keys, ensuring you have full control of your funds. The Bitcoin Way holds a backup key for added security.
The Advanced Plan establishes a 2-of-4 multisig wallet. In this setup, you hold two keys, The Bitcoin Way holds one, and the Nunchuk platform holds one. Importantly, The Bitcoin Way's key has a $0 spending limit by default, ensuring it cannot initiate transactions.
To raise spending limits in the Advanced Plan, you need approval from all key holders, which includes you, The Bitcoin Way, and the Nunchuk platform. This triple signature requirement ensures control remains in your hands.
Absolutely. In both the Standard Plan and the Advanced Plan, you retain 100% control over your funds. Counterparty risk is nil because it's technically impossible for The Bitcoin Way or the Nunchuk platform to collude to access your assets.
The Bitcoin Way only holds backup keys and, in the Advanced Plan, has a $0 spending limit. This design guarantees that your funds are always under your control.
The Nunchuk platform is built on cryptographic secrets, not proof of identity. That means you keep your privacy.
Yes, you can switch between these plans as per your preferences and requirements. Your control over your funds remains intact..
AML (Anti-Money Laundering) and KYC (Know Your Customer) are regulatory frameworks under U.S. law that mandate financial service providers to collect, maintain, and report user information.
At The Bitcoin Way, we don't act as fund custodians, as we never possess enough keys to authorize transactions. Consequently, we are not obligated to conduct "KYC" procedures, which involve collecting personal identifying information from our customers. This aligns with our commitment to user privacy and security.
To prevent inadvertent involvement in potential illegal activities, we take a hands-off approach when users lose their keys. Rather than direct signing, we provide users with clear instructions on how to independently recover their keys. This approach maintains compliance and ensures we're not directly engaged in the signing process, all while respecting user autonomy.
Feel free to reach out to The Bitcoin Way for any additional questions or assistance regarding collaborative custody solutions.
Single-Sig involves a single private key for controlling your assets, offering simplicity but potentially less security. Collaborative custody with The Bitcoin Way provides enhanced security through multisignature setups, such as the Standard and Advanced Plans, while ensuring you retain control.
Single-Sig is a suitable option for individuals who prefer a straightforward approach and are comfortable managing their own private keys. It's convenient for daily transactions and smaller holdings.
Consider a collaborative custody plan when you prioritize enhanced security, especially for larger holdings or shared control of assets. The Bitcoin Way's plans offer this security without compromising your control.
Yes, you can transition from Single-Sig to a collaborative custody plan if your security needs change. The flexibility ensures you can adapt to evolving requirements.
In The Bitcoin Way's collaborative custody plans, you always hold the majority of the keys. This guarantees that you retain full control of your funds, with added security layers.
The Standard Plan offers multisignature security with a 2-of-3 or 3-of-5 setup, making it much more secure than Single-Sig while still providing you with control over your funds.
Yes, the Advanced Plan enhances security with a 2-of-4 multisignature setup. It's a superior choice if you require an extra layer of security without sacrificing control.
Yes, The Bitcoin Way is designed to minimize risk. With collaborative custody, it's technically impossible for The Bitcoin Way to access your funds without your explicit consent.
Both options prioritize privacy. Collaborative custody doesn't compromise privacy but adds layers of security to protect your assets.
Your choice depends on your comfort level, the amount you're managing, and your security preferences. Single-Sig is simpler but collaborative custody with The Bitcoin Way offers more robust security without sacrificing control.
The Bitcoin Way's approach to collaborative custody is designed with a strong emphasis on user control and security. Both the Standard Plan and the Advanced Plan prioritize giving clients complete control over their funds. Moreover, it ensures there is zero risk of possible collusion between The Bitcoin Way and Nunchuk, thanks to the $0 spending limit on The Bitcoin Way's key in the Advanced Plan.
Yes, there are other collaborative custody options offered by various providers. However, the level of security, control, and transparency may vary between providers.
The standout feature of The Bitcoin Way's collaborative custody is the assurance of zero risk of collusion. With the $0 spending limit on The Bitcoin Way's key in the Advanced Plan, it's technically impossible for The Bitcoin Way and Nunchuk to collude and access your funds without your consent.
The Bitcoin Way's approach can be considered superior in terms of minimizing risks associated with collusion between service providers and prioritizing user privacy. However, the choice ultimately depends on your specific security needs and preferences. It's essential to evaluate the features and security measures of different providers to determine which one aligns best with your requirements.
To make an informed choice, compare factors such as control over your funds, security measures, privacy policies, and any spending limits in collaborative setups.
The Bitcoin Way's collaborative custody approach stands out for its emphasis on user control, security, and the elimination of collusion risk.