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Onramp
7.7/10 · SCOREDOnramp is one of the clearest Bitcoin-native answers to the "I don't want to manage keys, but I also don't want one custodian" problem.
Provider holds the keys. Low friction.
Custody is two trade-offs: how much control you keep, and how much operational friction you accept. Onramp sits in the provider-custodied half — the custodian holds the signing keys and you hold a legal claim, not direct control, with low day-to-day friction.
Editorial positioning — not a numeric scoring axis. Grey markers are reference archetypes, not the full universe.
Onramp vs the other custody options.
The org, the research angle.
Onramp belongs in the queue because its 2-of-3 distribution across Onramp + BitGo + Coincover occupies a specific niche between full self-custody and single-custodian institutional custody — a niche Pledge readers ask about often.
The 8-factor breakdown.
Multi-institutional 2-of-3 setup across BitGo + Onramp + Coincover means no single firm can move client coins; no loss event disclosed across the three keyholders.
The receipts.
Every figure on Onramp traces to a primary document. These are the ones we read — open any of them.
Custody model: multi-institution custody, 2-of-3 multisig with keys distributed across Onramp, BitGo, and Coincover; no single firm can move coins.
Insurance: Lloyd's of London insurance providing defined protection for covered loss scenarios.
Three keyholders + Coincover's insurance-backed guarantee role.