Onramp Bitcoin Review (October 2026): Fees, US States and Licenses

Our verdict

Onramp Bitcoin, LLC is a Texas company offering Multi-Institution Custody, a 2-of-3 multisig vault whose keys are held by Onramp, BitGo Trust and CoinCover rather than by the client. Trading costs 0.85% per its terms, and custody plans range from a free single-custodian tier to $250 per month or 0.04% per month. Custody insurance of up to $50 million is placed through a Lloyd's syndicate.

Onramp Bitcoin fees

Maker / taker

— Not verified

Simple buy

0.85% per bitcoin trade (0.65% charged by Onramp plus a 0.20% spread charged by BitGo), per terms updated May 9, 2026

Volume tiers

The Private tier advertises reduced trade fees (rates not published).

ACH deposit

— Not verified

Wire deposit

— Not verified

Card purchase

— Not verified

USD withdrawal

— Not verified

Crypto withdrawal

— Not verified

Other fees

Custody plans: Finance $0 (single qualified custodian); Core from $250 per month (Multi-Institution Custody); Private from 0.04% per month; Business $375 per month plus $500 setup; IRA+ $100 per month.

Minimum deposit

— Not verified

Is Onramp Bitcoin available in my state?

Onramp Finance launched on April 21, 2026 with bitcoin brokerage that the company says is available across all 50 states.

The list of states this platform serves is not verified yet.

Onramp Finance and its bitcoin brokerage are offered in all 50 US states; Earn account rewards are not available in California or New York. DC not mentioned.

New York

Yes

ID check (KYC)

Yes

Withdraw crypto

Yes

Funding

— Not verified

Is Onramp Bitcoin regulated?

US operator

Onramp Bitcoin, LLC

Parent company

— Not verified

State licenses

— Not verified

New York license

— Not verified

Other

Per Onramp's terms, spot trading is handled by BitGo Prime and trading-account custody by BitGo Trust. Vault keys are split among Onramp, BitGo Trust Company (South Dakota-chartered) and CoinCover, with Tetra Trust for business accounts and Kingdom Trust named as an alternate recovery-key partner.

Founded

— Not verified

Headquarters

Dallas, TX, USA

How secure is Onramp Bitcoin?

Proof of reserves

Yes - each client vault is a dedicated on-chain address that the client can verify at any time

Audits

SOC 2 Type I (per company site, June 2026)

Insurance

Custody insurance through Canopius, a Lloyd's of London syndicate: up to $50M in aggregate coverage across Onramp's custody operations.

Incidents since 2019

None found in the sources checked.

Crypto held on a platform is not covered by FDIC or SIPC insurance.

What you can do on Onramp Bitcoin

• Spot
• IRA
• Earn
• Lending

Bitcoin only (the 2026 Onramp Finance launch also announced direct gold ownership, cash rewards of up to 5% and a spending card). Multi-Institution Custody is a 2-of-3 multisig vault with keys held by three institutions; the client holds no keys. Also offers inheritance planning, bitcoin-backed lending and IRAs.

Apps

—

Support

Phone, Email