Casa had a complex service available for traders to securely store their Bitcoins, but now the company is aiming for a more casual audience with its newly launched Casa Wallet.
Casa Wallet is built in the same mobile app as the service company multi-signature, a premium subscription, but completely free to use and targeted at crypto newcomers and those with lesser amounts of Bitcoin.
“The origins of Casa Wallet go back to 2018, when our premium clients started asking us for a wallet they felt comfortable recommending to their family and friends,wrote Michael Haley of Casa, in a blog post.
“We realize there are no options on the market as easy as a custodial wallet, but one that stays true to the value of Bitcoin gives you complete control and sovereignty over your money. So we decided to build one right inside our Keymaster app. “
Advantages and Features of Casa Wallet
Wallet has a no-seed setting by default, which means that the app creates a key on your phone and then splits the backup between Casa and the cloud service of your phone’s operating system manufacturer — either Apple or Google.
It also includes a Health Check feature to ensure that your keys are still working, that the seeds are stored safely. That the wallet is backed up, and the signature is working. No transaction is required to perform a Health Check.
Casa Wallet can be used to hold any amount of Bitcoin — there is no limit to this free service. However, Casa recommends using one of the premium services for higher amounts and longer term holdings. Given the additional security elements available.
Casa intends to add further features in the coming months, as well as additional security tips for new users.
The release of Casa Wallet comes following the announcement of an investment from Mantis VC, the newly founded early-stage fund by electronic music DJ, The Chainsmokers.
This is another step towards enabling users the option to protect their own Bitcoins. This comes following a strong response from Casa co-founder and Chief Technical Officer Jameson Lopp. Reported that exchange Coinbase sells analytics software to the United States Drug Enforcement Agency (DEA). and the Internal Revenue Service (IRS). “This is not surprising, our distrust in you is strengthened, we will render your analytics software obsolete,” he tweeted.