Binaryx is not a custodian. We do not hold your funds and we do not hold your assets. Your tokens sit in a wallet that you control, and every transaction settles on the blockchain. Binaryx provides the infrastructure; the ownership is yours.
Getting a wallet
There are two ways to hold your tokens, and both leave the keys with you:
- Connect your own wallet. If you already use MetaMask or another compatible wallet, connect it and your tokens are delivered there.
- Sign up with an email address. If you would rather not manage a wallet up front, register with email and one is created for you through Magic, a wallet infrastructure provider. It is still your wallet, not an account balance on our books.
Exporting your key
If you connected your own wallet, the keys were never ours to begin with, and nothing changes.
If a wallet was created for you when you signed up with email, you will find the export key function in your account settings. Exporting gives you the private key to that wallet, which you can then import into MetaMask or any other compatible wallet and take your tokens with you.
That is the point worth understanding: you are not locked into Binaryx as an application. You do not need our permission, our cooperation, or our continued existence to keep control of your assets.
This is also the practical answer to the question "what happens if Binaryx disappears". The tokens recording your ownership live on-chain, not in a Binaryx database, and the legal claim behind them sits with the DAO LLC that issued them. Your key is what controls them.
Transactions settle on-chain
Trades and transfers are settled by smart contract on the blockchain, not by an internal ledger entry. On the spot market, for example, a matched order settles atomically: the shares and the payment change hands in the same transaction, so neither side can be left short. See How a trade is settled.
Because settlement is on-chain, a transaction is verifiable independently of us. You do not have to take our word for a balance.
Self-custody does not remove legal restrictions
Holding your own keys is not the same as being free to send a token anywhere. Some tokens are security tokens, and their transfer rules are enforced by the smart contract itself.
Pre-IPO tokens are the clearest example. They are offered under Regulation S to non-US investors only, so the contract blocks US wallet addresses, and a transfer to another person requires the Administrator's consent and a recipient who has completed KYC. You control your key; the token still carries its securities restrictions with it. See Who Can Invest in Pre-IPO.
Property share tokens traded on the spot market are less restricted, but the same principle applies: what the contract permits is what can happen on-chain.
Keep your key safe
Self-custody puts you in control, and control comes with responsibility. Once you export a private key, store it somewhere only you can reach. Binaryx cannot recover a lost key and cannot reverse a transaction you have signed. Never share a key or recovery phrase with anyone, including anyone claiming to be Binaryx support.
