Onramp vs Casa — Head-to-Head Custody Comparison

An independent, data-driven comparison of Onramp and Casa across security, insurance, fees, regulatory compliance, and more.

Verdict

Quick Verdict

Onramp scores 8.7 vs Casa's 6.7. Onramp leads in 5 of 8 categories.

Onramp is better suited for Family offices, RIAs, HNW individuals. Casa is better suited for HNW individuals, Families, Privacy-focused holders.

8.7

Very GoodCustody Score

Onramp

6.7

FairCustody Score

Casa

Scores

Score Comparison

Weighted scores across all 8 custody criteria.

Criterion	Weight	Onramp	Casa	Winner
Security	20%	9.5	8.0	Onramp
Insurance	15%	9.0	3.5	Onramp
Regulatory	15%	8.5	4.5	Onramp
Fee Transparency	10%	7.5	9.0	Casa
Track Record	15%	8.0	8.0	Tie
Withdrawal Flexibility	10%	8.5	9.5	Casa
Reporting & Audit	10%	8.5	5.0	Onramp
Counterparty Diversification	5%	10.0	6.5	Onramp
Overall Score	100%	8.7	6.7	Onramp

Visual

Score Radar

Visual overlay of Onramp and Casa across all categories.

OnrampCasa

Deep Dive

Category-by-Category Analysis

A deeper look at how each provider performs in every scoring criterion.

Security (9.5 vs 8.0)

Onramp uses Multi-institution distributed key management with Varies by underlying custodian in cold storage and regular penetration testing. Compliance: Via underlying custodians (SOC 1 & SOC 2). Incident history: No incidents.

Casa uses Collaborative multisig (2-of-3 or 3-of-5) key management with 100% (hardware wallets) in cold storage and regular penetration testing. Compliance: N/A. Incident history: No incidents.

Insurance (9.0 vs 3.5)

Onramp offers Aggregate coverage across multiple custodian insurance policies via Multiple (via underlying custodians). Each underlying custodian maintains their own insurance. Combined coverage exceeds single-custodian limits.

Casa offers Limited — similar to Unchained model. Client bears primary key responsibility. via Not publicly disclosed. Casa insures their own key. Client keys are client responsibility. Casa Covenant provides inheritance recovery mechanism.

Regulatory (8.5 vs 4.5)

Onramp holds State money transmitter licenses and is a qualified custodian operating in United States. Regulated through underlying custodian partnerships with qualified custodians

Casa holds FinCEN MSB registration and is not a qualified custodian operating in United States. Not a qualified custodian — self-custody model. Registered as money services business.

Fee Transparency (7.5 vs 9.0)

Onramp charges Contact for pricing in annual custody fees with 0.50% per trade (brokerage) per transaction. Also offers Onramp Finance: lowest-cost Bitcoin brokerage at 50bps, 5% APY on cash, 1.5% cashback card

Casa charges $30/month (Standard) / $178/month (Premium) / Custom (Diamond) in annual custody fees with No transaction fees per transaction. Diamond tier includes dedicated advisor, custom security review, and Covenant inheritance protocol.

Track Record (8.0 vs 8.0)

Onramp was founded in 2021 and is headquartered in Austin, TX. AUM: $1B+. Incident history: No incidents.

Casa was founded in 2018 and is headquartered in Denver, CO. AUM: Not publicly disclosed. Incident history: No incidents.

Withdrawal Flexibility (8.5 vs 9.5)

Onramp withdrawal fees: Contact for pricing. Minimum account: $100,000. Supported assets: Bitcoin.

Casa withdrawal fees: Network fees only. Minimum account: No minimum. Supported assets: Bitcoin, Ethereum.

Reporting & Audit (8.5 vs 5.0)

Onramp: SOC compliance is Via underlying custodians (SOC 1 & SOC 2). As a qualified custodian, it meets SEC reporting requirements.

Casa: SOC compliance is N/A. Not classified as a qualified custodian.

Counterparty Diversification (10.0 vs 6.5)

Onramp is a multi-institution custody provider. Key management: Multi-institution distributed custody — keys and assets spread across multiple independent regulated custodians (BitGo, Coinbase, Fidelity, etc.).

Casa is a collaborative custody provider. Key management: 2-of-3 (Standard) or 3-of-5 (Premium) multisig. Casa holds 1 key, client holds rest on hardware wallets + mobile..

Fees

Fee Comparison

Side-by-side fee breakdown for Onramp and Casa.

Fee Type	Onramp	Casa
Setup Fee	Contact for pricing	Included in subscription
Annual Custody	Contact for pricing	$30/month (Standard) / $178/month (Premium) / Custom (Diamond)
Transaction	0.50% per trade (brokerage)	No transaction fees
Withdrawal	Contact for pricing	Network fees only

Onramp: Also offers Onramp Finance: lowest-cost Bitcoin brokerage at 50bps, 5% APY on cash, 1.5% cashback card

Casa: Diamond tier includes dedicated advisor, custom security review, and Covenant inheritance protocol.

Features

Feature Comparison

Checklist of features across both providers.

Feature	Onramp	Casa
1.5% cashback card	✓	✗
2-of-3 and 3-of-5 multisig options	✗	✓
5% APY on cash balances	✓	✗
Bitcoin brokerage services (Onramp Finance)	✓	✗
Casa Covenant inheritance protocol	✗	✓
Dedicated security advisors (Premium+)	✗	✓
Geographic key distribution guidance	✗	✓
Health check system for key verification	✗	✓
Institutional-grade security and compliance	✓	✗
Key rotation and replacement	✗	✓
Mobile app for easy key management	✗	✓
Multi-Institution Custody across multiple regulated custodians	✓	✗
No single point of failure	✓	✗
White-glove onboarding for institutions	✓	✗

Recommendation

Who Should Choose Which?

Onramp is better if you…

✓Are a family offices
✓Are a rias
✓Are a hnw individuals
✓Are a institutions
✓Want: Only provider offering true multi-institution custody — no single point of failure
✓Want: Aggregated insurance coverage exceeds any single custodian
✓Want: $1B+ in assets under custody demonstrates institutional trust

Casa is better if you…

✓Are a hnw individuals
✓Are a families
✓Are a privacy-focused holders
✓Are a non-technical bitcoin holders
✓Want: Best-in-class UX for self-custody — genuinely easy to use
✓Want: 3-of-5 multisig is one of the most secure consumer setups available
✓Want: Casa Covenant solves the inheritance problem elegantly

FAQ

Frequently Asked Questions

Is Onramp or Casa better for Bitcoin custody?

Onramp scores 8.7 vs 6.7 in our weighted Custody Score. Onramp leads in 5 of 8 scoring categories. However, the best choice depends on your specific needs: Onramp is best for Family offices and RIAs, while Casa suits HNW individuals and Families.

What is the difference between Onramp and Casa?

Onramp is a multi-institution custody provider, while Casa is a collaborative custody provider. Onramp excels in Counterparty Diversification, whereas Casa is strongest in Withdrawal Flexibility.

How do Onramp and Casa fees compare?

Onramp charges Contact for pricing annual custody fees with 0.50% per trade (brokerage) transaction fees. Casa charges $30/month (Standard) / $178/month (Premium) / Custom (Diamond) annual custody fees with No transaction fees transaction fees.

Which is more secure, Onramp or Casa?

Onramp scores 9.5/10 for security while Casa scores 8.0/10. Onramp uses Multi-institution distributed key management, and Casa uses Collaborative multisig (2-of-3 or 3-of-5).