As cryptocurrency adoption grows, businesses handling large digital asset portfolios face complex challenges that demand secure and efficient solutions. Managing substantial funds across multiple wallets while adhering to regulatory standards is no small feat. The risks, inefficiencies, and lack of specialized tools often leave businesses vulnerable.
Key Problems Businesses Face
Security Risks:
Conventional wallets are susceptible to hacking, fraud, and unauthorized access. A single breach can lead to devastating financial and reputational damage.
Limited Transaction Oversight:
Instant withdrawals from regular wallets lack safeguards like approval workflows, making them unsuitable for businesses handling millions of dollars.
Regulatory Pressure:
The compliance burden continues to grow as governments enforce stricter cryptocurrency regulations. Many businesses find it challenging to stay ahead of these requirements.
Complex Fund Management:
For enterprises managing multiple wallets and currencies, it’s difficult to track balances, transactions, and fees without automated tools.
Unclear Costs:
Unpredictable and non-transparent fee structures lead to inefficiencies and unexpected expenses for businesses.
The Need for a Solution
To address these challenges, businesses need a dedicated custody solution—one that not only provides unparalleled security but also simplifies fund management and ensures regulatory compliance. Recognizing this, we developed the Custody Service as a direct response to the needs of high-value clients.
Why We Introduced the Custody Service
Our Custody Service is designed to resolve these problems by combining security, compliance, and transparency into one seamless solution. With features tailored specifically for businesses, it addresses:
- The need for manual verification of withdrawals to prevent unauthorized access.
- Dynamic fee structures that give clients control over costs.
- Centralized fund management for improved efficiency.
- Real-time reporting and transparency for full visibility into transactions.
- A secure, compliance-driven framework that ensures peace of mind when managing large cryptocurrency portfolios.
What This Means for Your Business
B2BINPAY’s Custody Service eliminates the risks and inefficiencies of traditional wallets, providing businesses with a reliable platform to store, manage, and protect their digital assets.
By solving the most pressing problems businesses face, our custody solution enables clients to focus on their core goals—growing their businesses—without worrying about security or compliance issues.
How the Custody Service Solves These Challenges
The B2BINPAY Custody Service is a complete solution designed to resolve the pain points businesses face when managing substantial cryptocurrency holdings. By combining robust security, flexible fund management tools, and compliance-driven processes, our custody solution ensures businesses can operate with confidence and efficiency.
Key Features of the Custody Service
1. Advanced Security Protocols
Manual Withdrawal Verification: Automatic withdrawals are disabled. Instead, withdrawals are processed through manual verification involving a video call with our Compliance & Finance teams, ensuring complete security.
Dual Verification Options: Two client representatives may be required to approve withdrawal requests, adding an extra layer of protection.
Blockchain-Level Protection: Custody wallets are insulated from blockchain exposure, reducing external risks.
2. Compliance-Centric Processes
SumSub Video Verification: Each withdrawal request is verified via SumSub video calls, ensuring transactions meet global compliance standards.
Comprehensive Audit Logs: All transactions, including deposits, withdrawals, and commissions, are fully recorded for transparency and compliance reporting.
Regulatory Adherence: Designed to comply with strict international cryptocurrency regulations, protecting your business from legal risks.
3. Flexible Fund Management
We offer two flexible fee options to meet the needs of different businesses:
Percentage-Based Fees:
- A small percentage charged on the wallet balance at the end of the reporting period (e.g., 0.015% or 0.01%).
- Best suited for businesses with consistent balances and long-term storage needs.
Tiered Commissions:
- Fees increase with higher wallet balances, offering scalability.
- Can be a combination of fixed amounts and percentage-based rates, depending on the balance tier.
- Multi-Wallet Support: Funds across multiple custody wallets (e.g., BTC and USDT wallets) are aggregated for tier calculation, ensuring cost efficiency.
4. Seamless Withdrawals
Withdrawal Timeline: Requests are processed within 48 hours on weekdays, offering both speed and control.
Dynamic Recalculation: Tiers and commissions are recalculated at the time of withdrawal, ensuring accurate fees.
Flexible Destinations: Withdrawals can be sent to any wallet of your choice, offering unmatched flexibility.
5. Transparent Reporting
Daily Tier Recalculation: Wallet balances and commissions are updated every 24 hours, ensuring accurate and real-time data.
Detailed Monthly Reports: Daily wallet balances, Commission calculations, Transaction histories, including deposits, withdrawals, and fees.
Notifications: Real-time notifications for compliance actions, withdrawal requests, and balance changes are sent via email and Slack.
6. User-Friendly Dashboard
Centralized Management: A dedicated Custody Wallets tab in your dashboard provides a comprehensive view of all wallets, balances, and commission tiers.
Real-Time Insights: See current tiers, commission rates, and available balances at a glance.
Simplified Transactions: The interface allows for effortless deposit tracking, request submission, and wallet selection for withdrawals.
How the Features Work Together
The Custody Service integrates all these features to provide a seamless experience. Whether you’re depositing funds, managing fees, or withdrawing balances, every step is designed to ensure:
- Maximum Security:
From dual verification to video-confirmed withdrawals, your funds are safeguarded. - Full Compliance:
Every transaction undergoes stringent regulatory checks, protecting your business from legal or reputational risks. - Cost Optimization:
Flexible fee structures allow businesses to manage costs effectively, regardless of their wallet size or transaction frequency. - Operational Efficiency:
With centralized management and real-time reporting, you save time and effort while staying in complete control of your funds.
Why Choose B2BINPAY Custody?
Our custody solution is inspired by industry leaders like Trustology and BitGo, ensuring we deliver a service that matches global best practices. By choosing B2BINPAY Custody, you gain access to:
- State-of-the-art security protocols.
- Customizable and transparent fee structures.
- Regulatory-compliant processes to protect your operations.
- Seamless fund management tools designed for modern enterprises.
The Custody Service ensures that your funds are safe, accessible, and managed efficiently, no matter how complex your cryptocurrency operations may be.
How to Get Started with the Custody Service
Getting started with B2BINPAY’s Custody Service is a straightforward process designed to help businesses begin managing their funds securely and efficiently. With just a few simple steps, your business can access the benefits of advanced custody management.
Step 1: Contact Our Team
Reach Out: To enable the Custody Service, get in touch with your account manager or our support team.
Sign the Custody Agreement: Activation of the Custody Wallet requires signing a separate service agreement, outlining the terms and conditions.
Step 2: Enable Custody Wallets
Once the agreement is signed, the Custody Service will be enabled for your account.
A new “Custody Wallets” tab will appear in your dashboard, providing a centralized location for managing balances, fees, and transactions.
Step 3: Manage Your Funds
Deposit Funds: Add cryptocurrency to your custody wallets. Deposits are calculated in real-time to determine your tier and applicable fees.
Monitor Balances and Fees: Use the dashboard to view your current tier, wallet balances, and any fees applied.
Request Withdrawals: Initiate withdrawal requests directly from your dashboard, specifying the currency and amount in USD terms.
Step 4: Verify and Confirm Withdrawals
Every withdrawal request requires compliance approval. Follow these steps:
- Submit a request through your dashboard.
- Complete the SumSub video verification for compliance confirmation.
- Receive funds within 48 hours after approval.
Step 5: Receive Detailed Reports
Access daily recalculations and monthly reports to stay informed about wallet balances, fees, and transactions.
Use these insights to optimize your fund management strategy.
Examples of How Businesses Can Benefit
Example 1: Long-Term Asset Storage for a Large Business
Scenario:
A company stores $10M in BTC in their Custody Wallet for 6 months, without withdrawals or balance changes.
Fee Calculation (Tier 1: $1M–$10M, 0.01% per month)
- Monthly fee: $10,000,000 × 0.01% = $1,000
- Total for 6 months: $1,000 × 6 = $6,000
Benefits:
- Funds are secured with manual withdrawal verification.
- Transparent fees ensure cost predictability.
- Full compliance with global regulations protects the company from legal risks.
Example 2: High-Volume Replenishment and Withdrawal
Scenario:
A merchant deposits $1M, withdraws it after 15 days, and then replenishes the same amount 5 days later, keeping it in the Custody Wallet for 10 more days before the month ends.
Fee Calculation (Daily Percentage-Based Model):
- Daily fee rate: 0.01% / 30 days = 0.000333% per day
- First deposit duration: 15 days
$1,000,000 × 0.000333% × 15 = $50
- No funds on balance for the next 5 days → no fees charged
- Second deposit duration: 10 days
$1,000,000 × 0.000333% × 10 = $33.3
- Total monthly fee: $50 + $33.3 = $83.3
Benefits:
- Accurate daily recalculations ensure merchants only pay for the days funds are stored.
- No extra charges during balance gaps, making withdrawals and replenishments flexible.
- Optimized fee structure for fair and transparent cost management.
Example 3: Multi-Currency Fund Management
A merchant deposits $12M, withdraws $5M after 10 days, and keeps the remaining $7M in the Custody Wallet until the end of the month.
Fee Calculation (Tier 1 & Tier 2 Applied)
For the first 10 days: Balance $12M falls into Tier 2 (0.005% per month + $2,000 fixed fee).
- Fixed fee for Tier 2: $2,000 (applies once per month).
- Daily percentage fee: 0.005% / 30 = 0.000166% per day.
- $12,000,000 × 0.000166% × 10 = $199.2.
After withdrawal, balance drops to $7M (Tier 1) for 20 days:
- Daily fee: 0.01% / 30 = 0.000333% per day.
- $7,000,000 × 0.000333% × 20 = $466.2.
Total monthly fee: $2,000 (fixed) + $199.2 + $466.2 = $2,665.4
Benefits:
- Funds are aggregated for tier calculation, reducing costs.
- Detailed monthly reports make tracking balances across currencies simple.
Why Start Using the Custody Service Today?
1. Maximize Security
With manual withdrawal verification, dual approvals, and video confirmation, your funds are protected from unauthorized access and fraud.
2. Ensure Full Compliance
Stay ahead of regulatory requirements with transparent, audit-ready processes and a robust compliance framework.
3. Optimize Costs
Our flexible fee structures (percentage-based or tiered models) adapt to your business size and activity, ensuring cost efficiency.
4. Simplify Fund Management
The user-friendly dashboard centralizes your wallets, balances, and transactions, saving time and effort.
5. Scale with Confidence
Whether you’re managing $1M or $100M, the Custody Service provides the scalability and transparency needed to grow your business securely.
Your Next Steps
Talk to Us: Contact our sales team to discuss how the Custody Service can meet your business’s unique needs.
Sign the Agreement: Begin the process by signing the custody agreement and activating your Custody Wallets.
Start Managing Securely: Experience the peace of mind that comes with advanced security, compliance, and transparency.
B2BINPAY’s Custody Service is the ultimate solution for businesses that need secure, compliant, and efficient fund management. Take control of your digital assets and protect your business with our trusted custody solution today.
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