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What is a secure exchange (insurance deposit) by Obmify?
Have you ever sent cryptocurrency without being entirely sure whether you will receive Ukrainian hryvnia or another currency in return? The scariest part of the cryptocurrency exchange world is the feeling of risk when you have a request to exchange Tether USDT for hryvnia or another currency. You send your crypto into the unknown, hoping that you haven’t fallen victim to scammers and that the exchange will proceed. It’s all about secure exchange, not donating to scammers 🙂 This applies not only to online exchanges but also to P2P on exchanges. At Obmify, we understand everything about secure exchange, which is why we decided to add something unique that no other competitor in the Ukrainian market offers – an insurance deposit for exchanges.
This new feature is our way of saying to you, “We hear you and care about your safety.” It’s not just a means of protection against fraud or unexpected losses; it’s our guarantee that your transaction will be a secure exchange. Even safer than on P2P!
How does it work: Key Points
What is it?
An insurance deposit is a special secure reserve fund that we have created so that in the event of any unforeseen situations related to your transaction, you can receive compensation. For example, if you send Tether (USDT TRC20) through Obmify, and something goes wrong due to an exchange error, we are ready to stand by your side, guaranteeing a secure exchange. This applies not only to the withdrawal of Tether USDT TRC20 but also to other currency pairs for which the exchange indicates the corresponding mark. We love our users and want them to feel safe and protected with every exchange transaction.
How much does it cost?
It’s free 🙂 Secure exchange is conducted just like before, without any additional fees. The buying or selling rate of Tether USDT TRC20 that you see in the list of exchange options is the rate at which the transaction will be executed. It’s just that this exchange will be safer for you.
How to use it?
You don’t need to do anything special; a secure exchange works as it did before. Choose the currency you want to exchange with, such as Tether USDT TRC20 for fiat currency. Choose an exchange that suits your criteria, but pay attention to the options that have an insurance deposit. Conduct the exchange as usual. In case of any problems with the exchange, contact us.
How not to lose crypto assets during an exchange?
It is important for users to be cautious when choosing an exchange and performing a transaction. Keep an eye on the exchange status and make sure you use reliable crypto wallets. It is important to keep screenshots as evidence of transfers and the online application number to be eligible for compensation in case of exchange problems.
Important! If you have chosen the TRC20 network for the transfer of Tether USDT or another cryptocurrency for your order, send USDT only to the TRC20 wallet address! Otherwise, you may incur losses, and neither the exchange nor we will be able to help you. This also applies to P2P exchanges. Always be cautious!
Payout Policy
If you find yourself in a situation where your money has disappeared or is delayed due to exchange errors, simply let us know. Send us the transaction number via Telegram or email, and we will promptly take action and contact the exchange office. If we do not receive a response within 24 hours, we will automatically use the guarantee deposit to ensure you do not incur any losses (up to the amount deposited by the exchange into the insurance deposit account). We do not charge any commissions or fees for this – our partners cover these payments.
At Obmify, we do everything possible to ensure that you feel safe and protected, including through secure exchange. Our service is here to help and support you at every step. Remember, with us, you and your currency are always in safe hands.
Final Word
We want to emphasize that at Obmify, we don’t just provide secure online currency exchange services (whether it’s Tether USDT TRC20, Bitcoin, or altcoins) at the best rates; we create a safe and reliable environment for each of our users and sellers, as well as the least risky conditions for both parties. Our innovative approaches, such as the insurance deposit, reflect our commitment to security and transparency in all aspects of cryptocurrency work.
We understand the importance of trust in the digital asset sphere and strive to ensure that every transaction is carried out safely, efficiently, and with minimal risks for our users. Our constant pursuit of service improvement is what sets us apart in the market.
