Anchorage Digital review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Anchorage Digital runs both a custodial and a self-custody wallet from the US, and it suits people and institutions who want regulated custody with the keys in hardware. Founded 2017, it holds US licences and the self-custody side backs up through a recovery service.

Key facts

Best for
Regulated US custody with the keys held in hardware
Wallet type
Mobile↗
Price
$750 to $1,500↗
Custody
Custodial↗
Secure element
Tamper-proof HSM hardware↗
Backup options
Recovery-service↗
Legal entity
Anchor Labs, Inc.↗
Headquarters
United States↗
Founded
2017↗
Support channels
Email, Chat, Phone, Help-centre↗
Features
Custodial, Self-custody
Official website
anchorage.com

Facts checked September 26, 2026, 5 sources

Pros and cons

Pros

  • The keys sit in Tamper-proof HSM hardware, and the self-custody wallet is a mobile app.
  • It holds US licences from the Office of the Comptroller of the Currency (25243), the New York State Department of Financial Services, the California DFPI and the National Futures Association.
  • Support runs on email, chat and phone, so a phone line sits alongside email, chat and a help centre.
  • The wallet line covers custodial and self custody, so a custodial account and a self-custody device sit with the same provider.

Cons

  • Custody is custodial, so on a custodial account the provider holds the keys and you depend on it.
  • Backup is recovery service, a recovery service, which keeps the recovery route in someone else's hands.
  • The self-custody device costs $750 to $1,500, well above the free wallets from VaultLeap and Bit2Me.
Anchorage Digital

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Scored 8.7 / 10 by SumCue.

Who it suits

  • Institutions and businesses that want a US-regulated custodian with keys in hardware
  • People who want the recovery route handled by a recovery service (recovery service)
  • US customers who want phone support as well as email, chat and a help centre (email, chat and phone)

Who should look elsewhere

  • Trezor, whose hardware wallet suits anyone who wants the keys on a device they own.
  • Bit2Me, priced at €0, for anyone put off by hardware costs.
  • VaultLeap, priced at $0, for shoppers who want to start at no cost.

How Anchorage Digital compares

Where Anchorage Digital is available

Licence in United States
Office of the Comptroller of the Currency (OCC) (25243), checked September 26, 2026
Licence in United States
New York State Department of Financial Services (NYDFS) (0000041), checked September 26, 2026
Licence in Singapore
Monetary Authority of Singapore (MAS), checked September 26, 2026
Licence in United States
National Futures Association (NFA) (532710), checked September 26, 2026

Frequently asked questions

How much does the Anchorage Digital self-custody wallet cost?+

The self-custody wallet carries a device price of $750 to $1,500, paid upfront rather than as a subscription. The custodial account is a separate model under custodial, so the device cost applies only if you take the self-custody route.

Who holds the keys, Anchorage Digital or me?+

Both models exist. custodial and self custody lists custodial and self-custody, and custodial records the wallet as custodial, which means a custodial account leaves the keys with the provider. The self-custody route puts the keys in Tamper-proof HSM hardware instead.

Is Anchorage Digital regulated?+

It holds US licences from the Office of the Comptroller of the Currency, 25243, the New York State Department of Financial Services, the California DFPI and the National Futures Association. Its head office is in the US (US).

What happens if I lose the self-custody device?+

Backup runs through recovery service, a recovery service, which is the recovery route listed for the self-custody device. The keys themselves sit in Tamper-proof HSM hardware while you use the wallet, and the wallet itself is a mobile app.

Is it an app or a device I hold?+

The self-custody side is a mobile wallet, so it runs on a handset rather than as separate hardware you carry. The product line covers custodial and self custody, so a custodial account is available in the same place.

How do I get help if something goes wrong?+

Support runs on email, chat and phone, which covers email, chat, phone and a help centre, so a phone line is there as well as written support. The company is Anchor Labs, Inc. (Anchor Labs, Inc.), headquartered in the US.

How does Anchorage compare with free wallets?+

VaultLeap and Bit2Me sit at $0 and €0, so neither charges a device price. Anchorage sits at $750 to $1,500 for the self-custody device, and that cost buys hardware key protection plus the US licences listed.

Who is behind Anchorage Digital?+

The company runs as Anchor Labs, Inc. (Anchor Labs, Inc.), founded 2017 and based in the US (US). That matters for custody, since a custodial account under custodial depends on the company and its US licences holding firm.

Sources

  • en.wikipedia.org/wiki/Anchorage_Digital checked September 26, 2026

    Backs: Founded

    “Anchorage Digital was founded in 2017 by Diogo Monica and Nathan McCauley”

  • anchorage.com checked September 26, 2026

    Backs: Custody, Features

    “Qualified, federally regulated safekeeping, with self-custody for direct on-chain access”

  • anchorage.com/legal checked September 26, 2026

    Backs: Legal entity

    “"Anchorage Digital" refers to the services that are offered through the wholly-owned subsidiaries of Anchor Labs, Inc., a Delaware corporation.”

  • anchorage.com/platform/self-custody checked September 26, 2026

    Backs: Backup options, Price, Secure element, Support channels, Wallet type, Licences

    “Eliminate seed phrase risk with institutional recovery that preserves access through loss or turnover”

  • anchorage.com/terms-and-conditions checked September 26, 2026

    Backs: Headquarters

    “We operate the Site from our offices in California”

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Coins supported.

Anchorage Digital

Anchorage Digital

Regulated US custody with the keys held in hardware

8.7/10See alternatives