Through a new distributed and decentralized security system with “zero-knowledge”, Bitex secure the funds from all known physical and logical attacks, and is committed to informing the tenure 24/7, and the tenure as of 12/31 all years.
The solution guarantees that 99% of the assets are in air-gapped devices, with passphrase, pin, physical security and access control, 85% of the assets are in geographically distributed multisig vaults. No more than 1% of device assets ever connect to the internet, so we nullify certain attack vectors and mitigate the rest.
The service has an annual cost of 0.5%, with minimums and maximums according to the amount of assets they have in custody. On the other hand, the custody commissions are rewarded based on the activity that the user has on the platform, being able to not pay the custody if they accumulate a certain amount of trading commissions.
The charges to be paid by the Custodian will be collected by Bitex International CV. For this custody service, the CUSTODIAN will pay the CUSTODIAN 0.5% per year in BTC, with a minimum of 0.03 BTC per year and a maximum of 0.3 BTC per year. When it comes to custody of BCH, 0.5% per year will be charged, with a minimum of 0.3 BCH and a maximum of 3 BCH per year. Costs are calculated daily on the amount of BTC / BCH that the client has in their Account Bitex at the end of the day (00:00 UTC hs). The aforementioned costs will be automatically debited from the balance of each cryptocurrency of the Client's Bitex Account on the first business day of the month following the custodial period. Trading costs / fees that occur in a period in a market, discount the cost / fee of the custody service of that same period for the cryptocurrency operated in that same market; That is, if the client carries out trading within the Platform (through the Bitex Exchange) that generates a cost / fee for trading, said cost will be deducted from the total custody cost that will be debited from the Bitex Account.
* Commissions are calculated on the amount of BTC / BCH at the end of 00:00 UTC. The fee for each day is added and debited from the account at the end of the month. Trading fees that occur in a period discount the custody fee for that month. For more details visit our terms and conditions