Unchained

Unchained (formerly Unchained Capital) is a financial services company built exclusively for Bitcoin. Its core product is the "Collaborative Custody" vault, which uses multisig technology. Clients hold two keys, and Unchained holds one. This ensures that the client has full control over their funds (Unchained cannot move them alone), but Unchained can help recover funds if one key is lost.

In addition to custody, Unchained offers Bitcoin-backed loans, allowing users to borrow USD against their holdings without selling. They also offer an IRA product and a trading desk. It is a legitimate industry leader in secure Bitcoin financial infrastructure, prioritizing self-sovereignty.

Frequently Asked Questions

1. What is collaborative custody?

Collaborative custody uses a 2-of-3 multi-signature arrangement. You hold two private keys (giving you total control), and Unchained holds one key. This setup eliminates the single point of failure of a standard exchange or a single hardware wallet.

2. Can Unchained seize my funds?

No, because Unchained only holds one of the three keys, they mathematically cannot move your funds without your permission. You hold the majority of keys (2 of 3), so you maintain sovereign control over your assets at all times.

3. Do I need hardware wallets?

Yes, to set up a vault, you need two hardware wallets (such as Trezor, Ledger, or Coldcard). Unchained guides you through the setup process to ensure your keys are generated and stored securely.

4. Can I get a loan?

Yes, Unchained allows you to use your Bitcoin as collateral to borrow US dollars. The Bitcoin is held in a dedicated multisig address where you can verify it is not being rehypothecated (lent out to others).

5. specific fees for the vault?

Yes, there is an annual concierge fee or a setup fee for the vault service, which includes support and access to their platform tools. Trading fees and loan origination fees are separate and apply only when you use those services.