Home Crypto Trader Pro What You Need To Know About Unchained Capital

What You Need To Know About Unchained Capital

by Pragati Shrivastava
What You Need To Know About Unchained Capital

In March 2019, Unchained Capital launched a Bitcoin multisig vault platform that offers self-custody with the benefits of a managed financial service. This approach allows users to control private keys and to create redundancy by distributing keys among participants who know and trust each other.

This collaborative asset management firm offers financial services based on Bitcoin. Founded by Joseph Kelly and Dhruv Bansal in January 2016, Unchained Capital aims to reduce the risk of crypto-asset custody as it enables high transparency and security.

When using Unchained, users can be sure of better security and more value compared to other platforms. Unchained’s wallet can be used to manage hardware wallets like Trezor and Ledger, and Hermit’s interactions through the browser. It can be used to integrate Bitcoin hardware wallet devices with a multisignature wallet application.

Join our Pro-Community.

✅Access to ALL content.

Affordable ($10.00/month).
✅Access to the CTN editorial staff.
✅Access to our CTN trading dashboard.
✅Access to our exclusive telegram channel where all our pro-members and editorial staff are in.
✅Ability to request content/research material!


If you’re wondering how it’s better than other multisig wallet applications, let’s state the pros and cons compared to other similar applications.

Pros:

  • Applications are processed faster
  • No credit check
  • Assets can be monitored transparently
  • High security standards

Cons:

  • Restricted in certain U.S. states
  • Lending is restricted to U.S. only
  • Margin calls are more frequent

The team at Unchained is based out of Austin, TX and this DeFi firm is breaking all stereotypes and provide collaborative asset management like cryptocurrency-based loans and secure vaults.

In the United States, Unchained Capital offers their clients the ability to borrow USD against their Bitcoin or Ethereum. The company continues to maintain its focus on transparency and excellent customer service.

Vaults offered by unchained capital will be suitable for:

  • Individuals seeking to strengthen the protection of owned assets by state of the art multisig solutions
  • Business searching to utilize multisig account hierarchical access with a trusted partner
  • Joint accounts who aim to share keys among individuals

This platform has gained popularity among institutions as they offer institution-controlled solutions apart from client-controlled, that enable you to retain sovereignty, where every user controls two out of three private keys.

In such a model, Unchained Capital serves only as a backup or a trusted co-signer. Users trust the platform as it creates new addresses with every withdrawal, which significantly increases security and privacy. As mentioned earlier, the platform offered by Unchained Capital also supports Trezor and Ledger hardware wallets, and the company never has access to a user’s private keys. For now, the multi-institution co-sign platform is the safest solution, used even by the biggest cryptocurrency exchanges in the world.

Crypto backed loans aren’t an entirely new service, as several DeFi platforms have forayed in this space before. Unchained Capital is leading among the few promising DeFi platforms.






Disclaimer
Content provided by Crypto,Trader,News. is for informational purposes only, and should not be construed as legal, tax, investment, financial, or other advice. All information is of a general nature. As always, there is risk with any investment. In exchange for using our products and services, you agree not to hold Crypto,Trader,News. Pro, its affiliates, or any third party service provider liable for any possible claim for damages arising from decisions you make based on information made available to you through our services.

Related Posts