Common use of Digital Asset Deposits and Withdrawals Clause in Contracts

Digital Asset Deposits and Withdrawals. Trust Company processes supported Digital Asset deposits and withdrawals according to the Instructions received from Authorized Representatives, and Trust Company does not guarantee the identity of any Authorized Representative. Client should verify all transaction information prior to submitting Instructions to Trust Company. Client should manage and keep secure any and all information or devices associated with deposit and withdrawal verification procedures, including YubiKeys and passphrases or other security or confirmation information. Trust Company reserves the right to charge network fees (miner fees) to process a Digital Asset transaction on Client’s behalf. Trust Company will calculate the network fee, if any, in its discretion, although Trust Company will always notify Client of the network fee at or before the time Client authorizes the transaction. Trust Company reserves the right to delay any Custody Transaction if it perceives a risk of fraud or illegal activity.

Appears in 21 contracts

Samples: Custodial Services Agreement (Grayscale Filecoin Trust (FIL)), Company Custodial Services Agreement (Grayscale Litecoin Trust (LTC)), Company Custodial Services Agreement (Grayscale Stellar Lumens Trust (XLM))

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Digital Asset Deposits and Withdrawals. Trust Company processes supported Digital Asset deposits and withdrawals according to the Instructions instructions received from Authorized Representativesits users, and Trust Company does not guarantee the identity of any Authorized Representativeuser, receiver, requestee, or other party. Client should verify all transaction information prior to submitting Instructions instructions to Trust Company. Client should manage and keep secure any and all information or devices associated with deposit and withdrawal verification procedures, including YubiKeys and passphrases or other security or confirmation information. Trust Company reserves the right to charge network fees (miner fees) to process a Digital Asset transaction on Client’s behalf. Trust Company will calculate the network fee, if any, in its discretion, although Trust Company will always notify Client of the network fee at or before the time Client authorizes the transaction. Trust Company reserves the right to delay any Custody Transaction if it perceives a risk of fraud or illegal activity.

Appears in 1 contract

Samples: Trust Company Custodial Services Agreement (Bitwise 10 Crypto Index Fund)

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