BANKEX Custody is the analog to safety-deposit box with no minimum initial deposit. Custody accepts 4 types of cryptocurrency for storage: BTC (Bitcoin), BCH (Bitcoin Cash), ETH (Ethereum) and LTE (Litecoin). The service expects to accept BKX, the utility token for the BANKEX ecosystem, for both payment and storage in the near future.
"BANKEX Crypto Custody is a safe that stores and safeguards crypto-currencies. We use technologies of the highest security standards to protect your valuable crypto assets."
Custody offers services for identity and cryptocurrency asset management with no minimum deposit necessary to take advantage of customer services or security benefits for only 0.2% per month of the total volume of cryptocurrencies stored. Typical human factor risks such as forgetting your password as well as the risk of natural damage and virtual threats from hackers are completely resolved for all users. Custody customer service similar to offline concierge services such as conventional access to accounts via email address and password and assistance in transactions. Terms and conditions for Custody include password recovery and the possibility to establish and manage backup systems similar to other online accounts.
The way an account holder uses a Сustody cryptocurrency account is similar to using a regular deposit box account: a bank or fund simply makes an agreement for storage of cryptocurrency assets with Custody and upon registration, all keys to cryptocurrency wallets are stored in the depository. The client receives a regular depository receipt for the stored cryptocurrency assets, a commercial and legally viable document that can be placed on any balance as a regular asset.