FAQ

Binance Custody is a standalone, secure, regulated, and insured custody service for the safekeeping of virtual assets. Binance Custody is provided by Bifinity UAB, a Lithuanian-registered entity.

Yes, Binance Custody maintains specie insurance coverage by Arch syndicate at Lloyd’s of London. Bespoke insurance coverage is also available upon request based on various user requirements.

Using our Qualified Wallet service, each user will have fully segregated wallets to manage their funds.

At the moment, we only onboard corporate users. The current Binance Custody platform is an institutional-grade virtual asset custody service that is specially designed to cater to the needs of corporate users.

Binance Custody charges an annual fee based on assets under custody. Network fees are applicable for all withdrawals, and processing fees are applicable for withdrawals outside of Binance. Please refer to https://binanceinstitutional.com/ltu/en/fee for more details.

Yes, there is a minimum €1,000,000 asset under custody requirement.

Binance Custody currently supports BTC, ETH, BNB, LTC, BCH, XRP, and a host of other ERC-20 and BEP-20 tokens, including top stablecoins and DeFi tokens. We add additional networks and tokens regularly and can support specific tokens upon request.

If you would like to open an account, please reach out to sales@binanceinstitutional.com.

Binance Custody Cold Convert allows users to seamlessly trade crypto to crypto pairs from the security of cold storage. Users enjoy zero counterparty risk and customized slippage tolerance without compromising on security.

Lock your assets in cold storage with Binance Custody and receive a 1:1 availability of cold storage funds on the exchange.