Self-hosted wallets

A Self-Hosted Wallet (also known as a non-custodial wallet) is a cryptocurrency wallet where the user fully controls the private keys, ensuring direct ownership and responsibility over their digital assets. Unlike custodial wallets managed by exchanges or third-party providers, self-hosted wallets grant users full autonomy, enhancing privacy and security.

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Ospree’s Approach to Managing Self-Hosted Wallets

Ospree provides a structured and efficient process for managing self-hosted wallets, improving traceability, security, and operational efficiency while maintaining a seamless user experience:

1

User-Submitted Wallet Addresses

Customers provide their self-hosted wallet addresses for registration.

2

Wallet Labeling

Once verified, the wallet is tagged as “self-hosted” within the system, ensuring it is easily identifiable for future monitoring and reporting.

3

Risk Screening

Before being fully linked, each wallet undergoes a risk assessment to check for prior indicators of illicit activities, such as connections to sanctioned entities or suspicious transactions.

4

Identity Linkage

Verified self-hosted wallets are securely associated with the user’s profile, enabling full traceability of transactions while maintaining transparency for compliance purposes.

5

Automated Recognition

Once a wallet is registered as self-hosted, Ospree automatically identifies and tracks all future deposits and withdrawals linked to that wallet, ensuring seamless monitoring and compliance.