cryptocurrency assets

What is Casa Covenant 

Casa Covenant is a service offered by Casa, a company that specializes in providing secure storage solutions for Bitcoin and other cryptocurrencies. The Casa Covenant is a tool that helps users plan for the inheritance of their cryptocurrency assets in the event of their death or incapacitation.

With the Casa Covenant, users can designate beneficiaries who will receive their cryptocurrency assets in the event of their death or incapacity. Casa provides a secure storage solution for the user’s private keys, which can only be accessed by the designated beneficiaries in accordance with the user’s instructions.

The Casa Covenant also includes a set of legal documents that can be used to formalize the user’s wishes and provide legal protection for their beneficiaries. These documents include a will, a durable power of attorney, and a revocable trust.

Overall, the Casa Covenant is designed to provide users with peace of mind knowing that their cryptocurrency assets will be passed on to their loved ones in a secure and legally protected manner.

The history of Casa Covenant

Casa Covenant was launched by Casa in January 2019. Casa was founded in 2018 by Jeremy Welch and Alena Vranova with the mission of providing secure storage solutions for Bitcoin and other cryptocurrencies.

The idea for Casa Covenant came about as a result of concerns about the security and accessibility of cryptocurrency assets in the event of the owner’s death or incapacity. Cryptocurrencies are a unique asset class in that they are decentralized and typically held in private wallets controlled by the owner. This presents challenges for estate planning and inheritance, as access to the wallet is required to transfer the assets.

To address these challenges, Casa developed the Casa Covenant service. The service provides a secure storage solution for the user’s private keys and allows the user to designate beneficiaries who will receive their cryptocurrency assets in the event of their death or incapacity. Casa also provides legal documents to formalize the user’s wishes and provide legal protection for their beneficiaries.

Since its launch, Casa Covenant has become a popular service for cryptocurrency holders looking to ensure the security and accessibility of their assets in the event of their death or incapacity.

How Casa Covenant works

Casa Covenant is a tool that helps cryptocurrency holders plan for the inheritance of their assets. Here’s how it works:

1. Sign up for Casa Covenant: To use Casa Covenant, you need to sign up for a Casa account and select the Casa Covenant service.
2. Create a secure storage solution: Casa provides a secure storage solution for your private keys. They use multi-signature technology to ensure that your private keys are never in one place at one time and require multiple authorizations to access.
3. Designate beneficiaries: You can designate beneficiaries who will receive your cryptocurrency assets in the event of your death or incapacity. You can choose to designate one or more beneficiaries, and you can specify the percentage of your assets that each beneficiary will receive.
4. Set up legal documents: Casa provides legal documents to formalize your wishes and provide legal protection for your beneficiaries. The documents include a will, a durable power of attorney, and a revocable trust.
5. Fund your account: You need to fund your Casa account with the cryptocurrency assets you want to secure.
6. Maintain your account: It’s important to keep your Casa account up to date with any changes to your designated beneficiaries or legal documents.

In summary, Casa Covenant works by providing a secure storage solution for your private keys and allowing you to designate beneficiaries who will receive your cryptocurrency assets in the event of your death or incapacity. Casa also provides legal documents to formalize your wishes and ensure that your beneficiaries are protected.

Can Casa Covenant be trusted

Casa Covenant is a service offered by Casa, a reputable company in the cryptocurrency industry that has been around since 2018. Casa has a strong reputation for providing secure storage solutions for Bitcoin and other cryptocurrencies, and the company has been trusted by many high-profile clients and institutions.

Casa uses industry-leading security practices to protect their clients’ cryptocurrency assets, including multi-signature technology, hardware security modules, and geographically distributed data centers. Casa also provides a transparent audit trail for all transactions and access attempts, and they have a team of security experts available 24/7 to monitor their systems and respond to any potential threats.

In addition, Casa Covenant is designed to provide legal protection and formalize the user’s wishes regarding the inheritance of their cryptocurrency assets. Casa provides legal documents such as wills, durable powers of attorney, and revocable trusts, which are designed to ensure that the user’s wishes are followed and their beneficiaries are protected.

Overall, while no service can guarantee 100% security, Casa Covenant is a reputable and trustworthy service that provides a secure and reliable way to plan for the inheritance of cryptocurrency assets.

Does Casa Covenant charge a fee

Yes, Casa Covenant does charge a fee for its services. The fees vary depending on the level of service that you choose and the amount of cryptocurrency assets that you want to secure.

Casa offers three different levels of service for Casa Covenant:

1. Basic: This level of service includes secure storage for one cryptocurrency asset and one beneficiary designation. The fee for this service is $120 per year.
2. Gold: This level of service includes secure storage for up to three cryptocurrency assets and three beneficiary designations. The fee for this service is $300 per year.
3. Platinum: This level of service includes secure storage for up to five cryptocurrency assets and unlimited beneficiary designations. The fee for this service is $600 per year.

In addition to the annual fees, Casa charges a one-time fee for setting up the legal documents associated with Casa Covenant. The fee for this service is $1,000 for all levels of service.

It’s important to note that while the fees for Casa Covenant may seem high compared to other cryptocurrency storage solutions, they reflect the high level of security and legal protection that Casa provides.

What are the benefits of Casa

What is Casa 

Casa is a crypto company that offers a range of services to help users securely store and manage their cryptocurrency assets. The company was founded in 2018 by Jeremy Welch, Jameson Lopp, and Alena Vranova, and is based in Denver, Colorado.

Casa’s flagship product is the Casa Keymaster, a multi-signature wallet that allows users to store their cryptocurrency securely using a combination of hardware devices and biometric authentication. The Keymaster supports a range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, and is designed to be easy to use, even for beginners.

In addition to its wallet products, Casa also offers a range of other services, including key management, inheritance planning, and security audits. The company is known for its focus on security and privacy, and has a team of experienced developers and security experts working to ensure the safety of its users’ assets.

The history of Casa

Casa was founded in 2018 by a group of experienced Bitcoin developers and security experts who recognized the need for better security solutions for cryptocurrency holders. The company was founded by Jeremy Welch, who had previously founded a Bitcoin wallet called “SharedCoin”, Jameson Lopp, a prominent Bitcoin developer and security expert, and Alena Vranova, a former executive at the Bitcoin wallet company Trezor.

Casa’s mission is to make it easier and safer for people to manage their cryptocurrency assets. The company’s flagship product, the Casa Keymaster, is a multi-signature wallet that uses a combination of hardware devices and biometric authentication to ensure the security of users’ assets. The Keymaster supports a range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, and is designed to be easy to use, even for beginners.

Since its founding, Casa has continued to expand its product offerings and has gained a reputation as a trusted and reliable provider of cryptocurrency security solutions. The company has also partnered with other companies in the industry, such as BlockFi and Unchained Capital, to offer integrated services to their customers.

In 2021, Casa raised $4 million in a funding round led by Fidelity-affiliated investment firm Avon Ventures, demonstrating growing interest and support for the company’s mission to provide secure solutions for cryptocurrency holders.

How Casa works

Casa offers a range of products and services to help users securely store and manage their cryptocurrency assets. Here’s a brief overview of how some of Casa’s products work:

1. Casa Keymaster: The Casa Keymaster is a multi-signature wallet that allows users to store their cryptocurrency securely using a combination of hardware devices and biometric authentication. The Keymaster supports a range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. To use the Keymaster, users need to first set up a Casa account and verify their identity. They can then connect their hardware devices (such as a Trezor or Ledger wallet) and configure their multi-signature setup. Casa offers a variety of configurations to suit different needs, such as 2-of-3 or 3-of-5 setups, and users can also customize their security settings, such as requiring multiple biometric authentications to approve transactions.
2. Casa Recovery: Casa Recovery is a service that helps users recover their cryptocurrency assets in case of a lost or damaged hardware device or other unexpected events. With Casa Recovery, users create a “recovery seed” that is securely stored by Casa, which can be used to recover their funds in case of an emergency. Users can also set up additional recovery methods, such as a phone call or video chat with Casa’s support team, to help them recover their assets.
3. Casa Covenant: Casa Covenant is a service that helps users plan for the inheritance of their cryptocurrency assets. With Casa Covenant, users can create a legally-binding agreement that specifies how their assets will be distributed in case of their death or other events. Casa offers a range of customizable options to help users create an inheritance plan that meets their needs.

Overall, Casa’s products and services are designed to provide users with a secure and reliable way to store and manage their cryptocurrency assets, with a focus on ease of use and customizable security features.

What are the benefits of Casa

Casa offers a number of benefits for cryptocurrency holders who are looking for secure and reliable ways to manage their assets. Here are some of the key benefits of Casa:

1. Security: Casa is focused on providing the highest level of security for its users’ cryptocurrency assets. The Casa Keymaster uses a multi-signature setup that combines hardware devices and biometric authentication to ensure that only authorized parties can access the funds. Casa also offers a range of customizable security settings, such as requiring multiple biometric authentications to approve transactions, to help users tailor their security setup to their needs.
2. Ease of use: Despite its strong security features, Casa is designed to be easy to use, even for beginners. The company offers a user-friendly interface that makes it easy to manage and monitor cryptocurrency assets, and its customer support team is available to help users with any questions or issues.
3. Flexibility: Casa supports a range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, and offers a variety of multi-signature setups to suit different needs. Users can also customize their security settings and recovery methods to create a setup that works best for them.
4. Inheritance planning: Casa Covenant is a unique service that allows users to plan for the inheritance of their cryptocurrency assets. This can provide peace of mind for users who want to ensure that their assets are distributed according to their wishes in case of their death or other unexpected events.
5. Industry partnerships: Casa has partnered with other companies in the cryptocurrency industry, such as BlockFi and Unchained Capital, to offer integrated services to their customers. This can provide additional benefits and convenience for Casa users.

Overall, Casa offers a range of benefits for cryptocurrency holders who are looking for a secure and reliable way to manage their assets, with a focus on security, ease of use, and flexibility.

Who can open Casa account

Casa is available to anyone who wants to securely store and manage their cryptocurrency assets. However, to open a Casa account, users must first complete a verification process that requires them to provide personal information and undergo identity verification. This is to ensure that Casa complies with relevant regulations and that its users are legitimate and authorized to use the platform.

Currently, Casa’s verification process is available to residents of over 100 countries, including the United States, Canada, the United Kingdom, and many countries in Europe and Asia. However, there may be some restrictions depending on local laws and regulations.

It’s also worth noting that some of Casa’s products and services, such as Casa Covenant, may have additional requirements or limitations. For example, Casa Covenant may require users to have a legal advisor in their jurisdiction to review the inheritance plan. However, Casa’s customer support team is available to help users navigate these requirements and ensure that they can make the most of Casa’s offerings.