Safe and Sound

Swan Vault makes Bitcoin self-custody and advanced cold storage convenient and accessible to all users, including newcomers and non-experts. Swan Vault combines the 2-of-3 multisig security model with an intuitive interface, removing the technical barriers that make self-custody intimidating or overly difficult.

You also receive dedicated support from Swan’s team of experts. This guidance ensures that you fully understand the Vault while retaining sole authority over your bitcoin.

A multisig (multiple-signatures) Bitcoin wallet is a secure storage solution that requires multiple private keys to move bitcoin (approve a transaction). This creates redundancy and enhances security compared to the traditional single-sig wallet. For this reason, multisig is widely considered one of the safest methods for long-term Bitcoin custody.

Swan Vault uses a 2-of-3 multisig set-up. This means two keys out of three total keys are required to move your bitcoin. You hold two keys in cold storage on hardware devices and manage the third key, the Cloud Key, through your Swan account.

No, it is impossible for Swan to move bitcoin from your Vault without your participation because Swan has access to only one key and two are required to move your coins.

The Vault utilizes a 2-of-3 multisig structure. This means at least two keys are required to move your bitcoin. You hold two keys in cold storage on signing devices and you manage the third one, your Cloud Key, through your Swan account. Since you hold two keys in cold storage, Swan can never prevent you from accessing your bitcoin. You retain full control.

Having your third key acessible through your Swan account provides increased security and convenience when moving funds. In a traditional multisig setup, you would need to keep your two hardware devices nearby to approve transactions.

With the Swan Vault, you can move funds using your Cloud Key and one of the keys you hold locally in cold storage. Your second signing device can remain safe as a backup in a distant location. This setup provides convenience and helps to reduce security risks and localized disasters from impacting you.

There is also a 72-hour security hold before any transactions involving your Cloud Key are broadcast to the Bitcoin network. This acts as an additional safeguard.

Swan Vault is designed for anyone who wants full ownership and control of their bitcoin. The intuitive interface makes self-custody accessible to everyone, regardless of their level of experience with Bitcoin.

Users can also receive dedicated support from Swan’s team of experts throughout the setup and management process. This guidance helps you fully understand each step, giving you added confidence while putting you in full control over your bitcoin.

In summary, Swan Vault pairs an easy-to-use platform with knowledgeable assistance to make self custody welcoming for first-timers and experienced users alike.

No, Swan Vault does not carry insurance coverage. With its 2-of-3 multisig structure, you maintain direct ownership of your coins through your private keys held locally in cold storage. Coins in Swan Vaults are not custodied by Swan.

Swan Vault eliminates counterparty risk, as Swan cannot unilaterally move your coins without your participation. You enjoy the convenience benefits of your Cloud Key assistance while retaining maximum control.

Yes. A signing device, also called a hardware wallet, is a physical device designed to secure the keys required to send coins from your Vault. It’s built for cold storage, keeping your keys offline and away from internet-connected devices for maximum security.

Swan Vault is designed for use with Jade devices manufactured by Blockstream, an industry leader in Bitcoin technology.

Yes, you can independently access your Vault without relying on Swan through the following process

1. Download your Swan Vault Recovery Kit from the Vault dashboard.

2. Open your recovery kit and follow the instructions to import your Vault into Specter Desktop, a free open-source (FOSS) Bitcoin wallet. You can download and install Specter Desktop here

3. Once your Vault is loaded into Specter, you can use your two Jade devices to move your bitcoin.

Advanced users can also import their Vault into Bitcoin Core.