System and method for rendering virtual currency related services

A method for restricting cryptocurrency transfer out of a digital wallet, comprising:

• establishing, by a security database, a threshold associated with transfer of cryptocurrency out of the digital wallet, the threshold being an amount of cryptocurrency;
• storing, by the security database, a private key of the digital wallet, the private key required for all amounts of cryptocurrency transferred out of the digital wallet;
• requiring, by the security database, at least two verification signatures to access the security database, the at least two verification signatures comprising a first key and a second key, where the first key and second key are generated by the security database and associated with the digital wallet through security database records;
• providing the first key to a first user and the second key to a second user;
• acting, by the security database, as an intermediary between the first user and second user and the digital wallet;
• receiving a threshold request from the first or second user requesting the security database to enable a threshold transaction of cryptocurrency out of the digital wallet in an amount above the threshold and receiving the first key and the second key at the security database, then verifying by the security database the first key and the second key;
• authorizing, by the security database, via use of the private key, a transfer out of the digital wallet.