Relai vs Anchorage
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Relai vs Anchorage: What the Data Shows
Relai (exchange and brokerage) and Anchorage (dedicated custody) serve different corners of the Bitcoin ecosystem, but the question that matters most is the same: who controls the keys? The scores are close — Relai at 78/100 (B+) and Anchorage at 69/100 (B-). When the gap is this narrow, the details matter: custody model, single points of failure, and the fine print on fees.
Where Each Platform Wins
Custody and security — the most heavily weighted category in our methodology at 35% — tilts 7 points toward Relai (82 vs. 75). Relai eliminates single points of failure in its custody architecture, while Anchorage relies on a model where one compromised entity could put your bitcoin at risk. On fees, Relai wins by 5 points. Relai charges 1% - 1.5% compared to Custom at Anchorage. Over a multi-year holding period, fee differences compound — a point worth considering for long-term accumulators. Relai's strongest advantage is in ease of use (88 vs. 60), where Relai's user experience and onboarding flow makes a measurable difference.
The Custody Question
Here's the key difference: Relai has no single point of failure (Non-Custodial), while Anchorage does (Crypto-Native Bank). This matters because a single-point-of-failure model means one compromised entity — whether through a hack, insolvency, or government action — could result in total loss of funds. History has proven this risk is not theoretical. FTX, Celsius, and BlockFi all represented single points of failure for their users.
Bottom Line
Relai edges out Anchorage by 9 points. It's a close call, and the right choice depends on your specific situation — how much bitcoin you're holding, how often you need access, and whether you prioritize bitcoin-only. european. auto-dca directly to your own wallet. over occ-chartered crypto bank. staking, trading, settlement. soc 1 & 2.. Keep in mind these platforms target different audiences — Relai is built for europe, while Anchorage serves institutions. One thing to watch with Anchorage: does not use multisig. single institutional custodian..
Which is better, Relai or Anchorage?
Based on our six-category scoring methodology, Relai scores higher at 78/100 compared to 69/100. The biggest differentiator is custody security, which accounts for 35% of the overall score. However, the right choice depends on your individual needs — review the category breakdown above.
Is Relai safe for storing Bitcoin?
Relai scored 82/100 on custody and security in our methodology. It has no single point of failure, distributing custody across multiple entities. Its custody model is classified as Non-Custodial. Always verify these details and do your own research.
Does Anchorage have a single point of failure?
Yes. Anchorage uses a Crypto-Native Bank model, which means a single compromised entity could put your bitcoin at risk. This is a structural concern for long-term holders.
What are the fees for Relai vs Anchorage?
Relai charges 1% - 1.5%. Anchorage charges Custom. Relai scored 70/100 on fees versus 65/100 for Anchorage in our methodology.