Peer-to-peer custody-free exchange

Better place to trade

Custody free

Don’t trust 3rd party custody ever again. Our platform does not have access to you funds while you are trading cryptocurrencies.

Lowest commissions

Free until September

Platform charges lowest commission to help you make a deal. Be smart and make more money!

No withdrawal fees

Some platforms may charge you more than 10 USD to withdraw. There are no withdrawal fees or limits on the platform.

Volatility is not a problem

Sell large amounts without interfering with price and keep your interest regardless of market direction.

KYC is an optional

Make a deal in the way you like. Request a KYC or skip it and trade anonymously.

Secure deals

The platform utilises multisig wallets to provide the best decentralized protection for your funds that is available today.

Frequently asked questions

The main differences are:

as WH platform is a p2p marketplace, it does not implement a bid/ask model, rather it resembles on auction principal, where users make their offers as a margin or discount to current average market price
Another key difference is that deal flow happens through multisig wallets, which are created between each party and the platform. This way the platform can control deal process, but it has no access to user funds at any time. This mitigates traditional risks associated with custody services, like hacking activity or outright fraud.

Each user has a personal maximum volume of auctions that he he is allowed to create or participate in. This maximum can be increased by successful trading and will be decreased in case failed deals occur.

Although WhalesHeaven makes its best effort to protect the platform from hackers penetration, on an infrastructural level and by limiting access to servers with private keys, there is always a possibility that such cases may occur.

The good thing is that hackers won’t be able to access users funds as WhalesHeaven is a non-collateral platform. The deal process organization prevents hackers from stealing massively from ongoing deals, as this would require an approval from all participants of all ongoing deals. Also there is a very small time frame, until the hacker’s actions are reported to support and the platform will start an investigation. In the worst case scenario, the platform may go offline until the security breach is fixed and once it is back online the process of replacing private keys will be triggered. The possession of private keys in hacker’s hands does little harm to platform operations.

All of this lowers possible bounty for a hacker and make a platform less appealing as a target, compared to centralized systems.

Once you have confirmed that you are a participant of a multisig wallet, you can be sure that nobody can transfer funds from that multisig wallet without your direct swap approval. For script based blockchains, such as Bitcoin, you provide this approval by signing the transaction with your private key. For smart contract blockchains, such as Ethereum, you need a call a smart contract swap approval method from the address that you provided as a confirmation address.

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