What are KEVLAR Sub Accounts?

Our subaccounts feature allows you to have multiple multisig accounts within a single KEVLAR account, enabling you to keep your Bitcoin funds organized and separated into different pools. Whether you're saving Bitcoin for your children's future, managing business funds, or similar purposes, subaccounts provide the flexibility you need.

Why would I use subaccounts?

While adding a subaccount in KEVLAR is optional, there are several compelling reasons to consider it:

Organized Management: Separate your Bitcoin holdings for different goals, individuals, or companies, allowing you to track balances and transactions independently.

Enhanced Privacy: If you earn Bitcoin from mining, you may prefer to keep these funds separate from coins purchased from an exchange that enforces KYC and maintains an audit trail.

How do I create a subaccount?

With a Gold (3-Key Account) or Diamond (5-Key Account), the process is straightforward. Since you'll be using the same keys for your subaccount as your primary account (without adding additional keys), follow these steps:

1. Create your primary 3-key or 5-key account.
2. After subscription and setup, tap the Gold or Diamond account card.
3. Tap the "+" button to create a subaccount.
4. Name your subaccount (you can edit the name later if needed).
5. Your subaccount is now ready to deposit funds!

How do I send from my subaccount?

Subaccounts are secured using the same keys as your primary vault. To send funds from your subaccount, follow the same process as you would with your primary account. You will still need to apply multiple signatures to authorize any transaction from a multisig vault.

How many subaccounts can I have?

It depends on your account type. 

Basic Account Holders: No subaccounts allowed (single key account).

Gold Account Holders: One primary account plus one subaccount (total of two accounts).

Diamond Account Holders: One primary account plus up to three subaccounts (total of four accounts).

Can I hide subaccounts if I'm not using them?

Yes, you can hide unused subaccounts in the Account tab of your KEVLAR app settings. By toggling "Show Deactivated Subaccounts," you can choose to show or hide inactive subaccount. (Note: This option will only appear if you have deactivated subaccounts.)

How do subaccounts work technically?

When you create a Bitcoin Basic, Gold, or Diamond Account in KEVLAR, the app imports the root extended public keys ("root xpubs") for each private key. These are used to generate new receive addresses for deposits.

For subaccounts, KEVLAR derives an unused set of child extended public keys ("child xpubs") from the root xpubs, following the BIP 32 standard. Each subaccount uses a distinct set of child xpubs, ensuring that receive addresses in different subaccounts cannot be correlated on the blockchain, provided you don’t transfer funds between subaccounts.

Can I use subaccounts to optimize my taxes?

We recommend consulting a tax professional, as Bitcoin-related transactions may have tax implications in your country of residence. KEVLAR does not provide tax advice or tax management services. For safety, we advise storing personal funds and IRA funds in separate KEVLAR accounts and avoiding the use of personal funds to pay for IRA memberships.

For more information, visit www.bkevlar.com or contact our support team at [email protected].