In this time of global uncertainty, we believe it is more important than ever to ensure that your precious crypto assets are accessible, safe, and secure at all times. We have been hard at work updating Vault12 to ensure that you can safely backup all your digital assets.
The latest release of Vault12 is now available in the iOS App Store as well as Google Play Store. This release builds on feedback received from our launch in October 2019 and introduces some important new capabilities.
Download at vault12.com/download.
Newly Activated Capabilities
These eagerly awaited capabilities have now been activated. Thank you to everyone who was involved in testing.
- Vault owners can now select an annual subscription plan. Vaults are free for the first 30 days and expire at the end of the chosen subscription. Three plans are available — Free, Standard and CryptoPro — details on these plans are available at vault12.com/download.
Note: VGT holders who choose to fund their accounts with VGT instead of ETH automatically receive a 50% discount.
- Guardians can choose the incentive that they wish to receive for guarding Vaults. For now the incentives are free, 0.5 ETH and 1 ETH per annum, and will be paid every month.
Vault owners must be subscribed to the Standard or CryptoPro subscription plan. All incentives are paid in ETH.
- VGT Holders now receive a portion of the transactions from subscribing to plans and incentive payments to Guardians. Details of the transaction split are described here.
Note: For the next 6 months the transaction split will be waived temporarily so all Guardians will receive their full incentive payments.
All fees paid to Vault12 will be subject to the 20% transaction split.
Annual Subscription plans.
In a recent survey we found that 18 out of 20 of the top wallets only provide a paper backup option for the seed phrase, the other two offer backup to a shared drive in addition to paper. We wanted to provide a more direct path to secure seed phrases and to store assets, simplifying the experience, increasing the accessability, and lowering the risk of loss.
CryptoNote enables you to type in your seedphrase directly into your Vault.
CryptoNote. The new method for adding assets to the Vault, by entering 12-, 18- or 24-word seed phrases directly into the app, instead of writing them down on paper. Using the "Text/Custom" option you can also enter regular text, e.g. a password, hint, or other instructions. This data is never stored anywhere, it's encrypted right away and distributed to guardians.
Adding assets via share sheet.
Asset share. Images, text excerpts and any files can be added to the Vault directly from other apps via native sharing dialog on iOS and Android. Just select Share to Vault12 in the menu.
Cancel Unlock, Cancel Add Asset. Both these operations can now be canceled, if the owner changes their mind, or if they can't collect enough responses from guardians.
Updated Replace Guardian flow. The logic for replacing guardians was completely rebuilt from scratch, it's more efficient now. Guardians who stay guarding the Vault need to confirm owner's request for replacement manually, just like they do for an unlock request.
App update check. Vault12 now checks on every launch if there's a new version available in the App Store or Google Play, and if so, suggests to download it to get the latest security updates and new features.
Push notifications fix & notification counter badge. On iOS and Android, the app icon now displays the number of missed notifications.
Download at vault12.com/download.
Next Up From Vault 12
Inheritance and self-custody for CryptocurrencyVault12 Explainer
Vault12 Product Demo
Vault12 Digital Inheritance is the first solution to offer a simple, direct, and secure way to ensure cryptocurrency, NFTs and other Web3 digital assets can be inherited by future generations.
Digital Inheritance enables investors to designate an individual or a mobile device as a guardian that will inherit their entire portfolio of digital assets inside a secure digital Vault once the time comes, eliminating undue risk and the need to continually update an inventory or issue updated instructions which result in privacy leakage.
Designed to be used alongside traditional hardware, software, and online wallets, Vault12 helps cryptocurrency owners, professional crypto traders, and high net worth investors safeguard their digital assets without storing anything in the cloud or in fact any one single location. This increases the protection and decreases the risks of loss.
(Note: Vault12 is not a crypto wallet and never holds cryptocurrency - It is a Vault for holding the wallet seed phrase or private key).
The Vault12 app helps you self-custody, back up, and provide legacy inheritance for all your digital assets, including NFTs, wallet seed phrases, secrets like keys, PIN codes, DAO project keys, and digital art..
Whether your digital art is suitable for a phone, or represents much higher resolution multimedia, make sure that you have backed up a copy in case the resource link is disrupted in the future. Digital art can easily be added to the Vault either via the mobile app or via the desktop utility. Once you have stored your artwork in your Vault, it will also benefit from inheritance once you activate that in your app.
As a creator you can use Vault12 to safeguard not just your NFT and crypto wallets, but also original digital artwork. Project creators will always have to deal with multiple wallets - inventory, treasury as well as future royalty wallets.
Vault12 safeguards your project assets, increasing protection and decreasing the risks of loss, whilst ensuring that everything is ready to go to be passed onto future generations, when the need arises.