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ProductCustody

Custody

Custody

Overview

The FiveWest wallet is where you can store your different assets. Digital assets in our custody are stored securely with Ceffu. Ceffu offers cutting-edge security features from robust authentication protection to multi-layered encryption for cold storage solutions.


Supported Currencies
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Subwallets

Subwallets are secondary wallets that are connected to a main wallet. Subwallets let clients organise and manage funds with flexible features: instant trading, interest-earning accounts, deposits/withdrawals in fiat and crypto, internal transfers, and downloadable statements.


There are two types of subwallets available:

- Fiat subwallets: Free for all users, only accept fiat deposits, but support trading into and withdraw crypto.

-Crypto subwallets: Support both fiat and crypto deposits, available on request with a small provisioning fee.


To make use of the FiveWest Custody, you will need to:

- Create either an individual or business user profile, and create a wallet.

- If subwallets are required, these must be requested (business clients only).

- White-list wallet addresses for sending/receiving crypto. Learn more.


Fee structure

Clients pay no fees to make use of our standard custody solution. If business clients require crypto subwallets, these will cost 0.5 USD per subwallet.



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