How Inkryptus manages your crypto wallet: simplified custody explained

Inkryptus uses a simplified custody model. Each user gets an individual on-chain wallet address, and that wallet is a smart contract Inkryptus operates through a multisig arrangement. There is no seed phrase for the user to manage or lose. Every staking operation, deposit, withdrawal, and reward claim is recorded on-chain and independently verifiable on BscScan.

Does Inkryptus give each user their own wallet address?

Yes. When you create an Inkryptus account, the system generates a unique wallet address for you on BNB Smart Chain. This is not a shared wallet. No other user has access to your address. You can view your address inside the app at any time and verify its activity on BscScan.

All your transactions, deposits, trades, staking operations, and withdrawals are recorded under that address on the blockchain. The record is public and permanent.

Is Inkryptus a custodial or non-custodial wallet?

Inkryptus is a simplified-custody wallet, which sits between full self-custody and traditional custodial models. The table below shows what that means in practice:

In a self-custody wallet, the user holds the private keys. If the seed phrase is lost, the funds are permanently inaccessible. Inkryptus removes that risk by never issuing a user key at all: the wallet is a contract, operated through a multisig arrangement, with the individual address and all its transactions publicly visible on-chain.

What is multisig and why does it matter?

Multisig (multi-signature) is a wallet architecture that requires more than one cryptographic signature to authorize a transaction. On Inkryptus, the multisig structure means that no single party, including Inkryptus can move funds unilaterally. Multiple signatures must be present for any transaction to be approved.

This is enforced at the protocol level, not just as a policy. The smart contracts that govern wallet operations on Inkryptus are public and verifiable on BscScan. Anyone can read the code and confirm how the authorization logic works.

How do I verify my Inkryptus wallet activity on BscScan?

BscScan is a public blockchain explorer for BNB Smart Chain. To verify your Inkryptus wallet activity:

1. Open your Inkryptus app and copy your wallet address.

2. Go to BscScan.com.

3. Paste your wallet address into the search bar.

4. Your full transaction history will appear, showing:

• Transaction hash: a unique ID for each operation

• Block number: the block the transaction was recorded in

• Addresses: origin and destination of each transfer

• Amount and asset: what was moved and how much

• Timestamp: exact date and time

This data is the same for every user on the network. Inkryptus does not control what appears on BscScan. The record is independent of the app.

What does simplified custody mean in practice?

For users on Inkryptus, simplified custody means:

• No seed phrase. There is nothing to write down, store, or lose. Account recovery is handled through the platform.

• No key to manage. There is no user key in the design. Inkryptus operates the wallet contract through multisig, so people interact with the app rather than with a key.

• Full on-chain transparency. Every transaction under your wallet address is publicly visible on BscScan. You do not need to trust Inkryptus's internal records, the blockchain is the record.

• Lower barrier to entry. Users who are new to crypto can start holding, trading, and staking without needing to understand key management or seed phrases.

Simplified custody reduces the technical risk of user error without removing the on-chain auditability that makes crypto trustworthy. To understand how this applies to how staking works on Inkryptus, the same principle holds: all staking operations run through your individual wallet address and are visible on BscScan.

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