Crypto Glossary

Posted on September 13, 2021 in
Glossary

Custody

Custody refers to a financial institution holding client assets to prevent them from being stolen or lost. Custodians are different from banks as they can not leverage the assets they hold to their own ends.

What is Custody?

In the cryptocurrency industry, custodial solutions are a third party that holds the private keys to the user’s funds. They are the only ones able to actually send and receive the user’s coins. Virtually all exchanges use a custodial approach since it allows them to provide a better user experience.

Related Articles

What Is Phishing? How To Detect Such Scams And Prevention Methods

August 11, 2022

What Is Phishing? How To Detect Such Scams And Prevention Methods

As crypto investors, it is definitely compulsory to understand what phishing is. Click now to learn phishing methods and how to prevent them.

Ethereum Price Prediction 2022 – According To The Experts

August 11, 2022

Ethereum Price Prediction 2022 – According To The Experts

Ever since it launched, Ethereum skyrocketed to popularity and is now the second most coveted crypto token. Find out its price prediction.

Bitcoin (BTC) Price Prediction 2022 – 2030 According To The Crypto Experts

August 11, 2022

Bitcoin (BTC) Price Prediction 2022 – 2030 According To The Crypto Experts

Bitcoin Bullish or Bearish Trending Now! Let’s see Bitcoin (BTC) price prediction from 2022 – 2030 before you invest.

We offer investors a variety of opportunities in the digital assets industry. Our innovative platform provides access for anyone seeking investment returns anywhere, anytime. Our ecosystem aims at making finance an everyday enriching activity.

RISK WARNING ON DIGITAL PAYMENT TOKEN SERVICES

The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of Zipmex.

Before you pay Zipmex any money or DPT, you must be aware of the following.

  1. Zipmex is not currently licensed by MAS to provide DPT services. This means that you will not be able to recover all the money or DPTs you paid to Zipmex if Zipmex’s business fails.
  2. You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by Zipmex.
  3. You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
  4. You should be aware that Zipmex may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.
  5. DPT held in your Hosted Wallet is not subject to the Singapore Deposit Insurance Scheme (“SDIC”) or any similar insurance or guaranty scheme of any other jurisdiction. In addition, funds stored in your Fiat Wallet do not benefit from the SDIC or any similar insurance or guaranty scheme of any other jurisdiction.

ZipUp+ products have not been approved by the Monetary Authority of Singapore (“MAS”) under the Payment Services Act 2019 and MAS has not reviewed or approved any features of these product offerings. Please review this link for the full terms and conditions and risk disclosure.