About BitGo

BitGo aims to provide top-notch solutions in the field of custodianship and storage for cryptocurrency users. Established since 2014, BitGo has formed significant partnerships and also caters to institutional clients. The platform processes approximately $1 billion per month in transactions, underlining its prominence in the industry. BitGo's wallet supports a wide range of cryptocurrencies and places a strong emphasis on security, although users surrender control of their private keys. BitGo does not offer cryptocurrency exchange services and instead focuses on delivering high-quality storage solutions.

Security and Features

Users can enhance the security of their BitGo accounts by enabling two-factor authentication (2FA). BitGo offers an instant transaction feature, guaranteeing the availability of bitcoin funds sent even before the standard 10-minute block time. However, BitGo imposes a 0.25% transaction fee on all instant transactions exceeding 1 bitcoin. These fees, along with business account fees, are the only charges applied, making BitGo essentially fee-free for most users apart from the regular network fees.

Accessibility and Usability

BitGo is accessible on web browsers, Android, and iOS platforms. It is widely regarded as user-friendly and straightforward to use.