Northcrypto offers its customers a comprehensive crypto asset storage and management service, providing each customer with a unique deposit address for each crypto asset. Northcrypto uses several advanced wallet systems that provide additional protection for storing and managing crypto assets. By storing the majority of crypto assets in a cold wallet, maximum security is guaranteed, while crypto assets in a hot wallet ensure sufficient liquidity and instant withdrawals. This structure allows for flexible and secure crypto asset custody, tailored to the customer's needs.
Northcrypto maintains a position register of customers' assets and provides a quarterly report on the amount and value in euros of the customer's crypto assets and the transfers made during the quarter. Before using the service, Northcrypto will ensure that an appropriate agreement has been signed with the customer regarding the use of the service.
Northcrypto is liable for any loss of crypto funds if such loss is the result of a failure caused by Northcrypto. The liability is limited to the market value of the lost crypto asset. Interruptions not caused by Northcrypto are not covered by its liability.