Security & Privacy

Where is my bitcoin held?

Your bitcoin is held with our trusted banking partner and bitcoin custodian, Prime Trust.

Note that neither Coinbits nor Prime Trust lends, rehypothecates, or holds bitcoin in fractional reserve. Our solvency does not depend at all on how much bitcoin our customers keep with us. We highly encourage you to responsibly take custody of your bitcoin by withdrawing it from Coinbits into your own wallet.

Updated on:
August 1, 2022