A consumer’s wallet, maintained on his/her ubiquitous desktop device, is called the Holding Wallet and will be under his/her complete control. Bitex will have no control or access to this wallet. Thus, in this decentralized banking environment, consumers maintain their private keys and remain custodians of their own funds.
To use the assets in the Holding Wallet, a consumer will transfer any amount in crypto assets that he deems suitable to one of several different types of wallets maintained by Bitex.
Consumers who sign onto the BitexPay solution will be provided with ERC-223 compatible wallets that contains their cryptocurrency holdings. Initially, Bitex will only support the following cryptocurrencies: BTC, ETH, and LTC and the Bitex Coin, XBX.
The Holding Wallet will be under his/her complete control.