Risk
What you are taking on.
Two kinds of balance, two kinds of risk, and the things that cannot be undone. Read this before you move money.
Risk acknowledgement
Digital assets and blockchain networks carry technical and market risks. Keep backups and use only devices you trust.
No financial advice
Information in the wallet is provided for product use and does not provide financial, tax, or investment advice.
Two different kinds of balance
Your on-chain wallet is self-custody: the private keys and recovery phrase stay on your device, and Lethex cannot recover them for you.
Your exchange, spot and LTHX/LUSD ledger balances are held by Lethex on your behalf, and access to them depends on your account sign-in, not on your recovery phrase.
Withdrawals
A withdrawal to an outside address is reviewed before it is released, and there is no time estimate for that review.
Funds sent to the wrong address or the wrong network cannot be recovered, by anyone. Check both before you submit.
Fees reduce what you receive
Every trade, conversion, transfer and withdrawal carries a fee, and a withdrawal also carries the network's own fee. The full schedule is published.