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Cryptocurrency exchange is always a matter of trust. When a user chooses an exchange service, they want to be sure that their funds won’t disappear and that the transaction will be completed fairly. That’s why Obmify has introduced a security deposit system that provides an additional layer of protection for all transactions.
How does it work? It’s simple: every exchange service that wants to be listed on Obmify must provide a security deposit. The amount of this deposit determines the service’s reliability level and the potential compensation guarantees for users. Let’s explore the different types of security deposits and what they mean for those exchanging crypto.
What is a Security Deposit and How Does It Work?
A security deposit is real money that an exchange service transfers to a special Obmify wallet to confirm its financial responsibility to customers. If a user experiences issues during an exchange, these funds can be used for compensation.
Having a security deposit is a key indicator of an exchange’s reliability, as no service would lock up its own money without serious intentions of operating fairly.
Obmify no longer accepts new exchanges in its ranking without a security deposit, as user trust and security are our top priorities.
Types of Security Deposits on Obmify
🔹 Basic Insurance Deposit ($1000) – Essential Protection
Exchange services that provide $1000 receive a blue “Deposit” label. This means:
✔️ They are verified and approved to be listed on the platform
✔️ In case of violations or transaction issues, users can receive compensation from this fund
✔️ All financial operations of the exchange are monitored and controlled
This is a basic security measure that already helps users feel more confident when choosing an exchange service.
🏆 Gold Deposit ($5000) – Enhanced Reliability
Exchange services that deposit $5000 receive the Gold “Deposit” label, which offers expanded protection for customers.
✔️ All transactions up to $5000 are fully insured
✔️ If a user encounters an issue, compensation is provided from this deposit
✔️ These exchanges have a higher level of trust, as they invest more of their own funds into ensuring reliability
If you plan to exchange large sums, choosing a Gold-labeled exchange is a better option, as it provides more guarantees.
You can verify the security deposit yourself – all exchange funds are stored in a public wallet, available here.
💜 Premium Support and the $20,000 Security Fund – Maximum Protection for Large Transactions
For users exchanging $5000 or more, Obmify has created a dedicated $20,000 Insurance fund under Premium Support. We are so confident in your security that we put our own money on the line.
What does this mean for you?
✔️ Full transaction support – from choosing an exchange to receiving your funds
✔️ Transaction security up to $20,000 – if anything goes wrong, compensation will be provided
✔️ Exchange services undergo additional verification before being used for large transactions
This is the highest level of security available in the crypto exchange market. No other service offers such guarantees.
The Premium Support Insurance fund is also publicly accessible, and you can check its status here.
Why is This Important for Users?
Regardless of the size of an exchange’s security deposit, all our partners undergo strict verification. But the security deposit is an extra guarantee that in the event of unforeseen circumstances, you will receive compensation.
In the past, crypto exchange users frequently faced problems such as:
❌ Exchanges disappearing after receiving funds
❌ Exchange rates changing during the transaction without notice
❌ Funds getting stuck with no one to contact for resolutionязаться
Obmify’s security deposit system makes these issues impossible.
Only Verified Exchanges: User Trust is Our Top Priority
Obmify has always been committed to honest and transparent crypto exchanges, and we are not changing that. That’s why no exchange service will be listed without a security deposit.
If a service wants to operate on Obmify, it must prove its responsibility with real money. This means that every exchange listed is financially committed to ensuring safe transactions.
User trust is our top priority. You can be sure that every exchange in our ranking is not only verified but also financially motivated to operate fairly. Otherwise, they simply won’t be here.
Integrity That Speaks for Itself
Perhaps the most important fact about Obmify’s security deposit system is that none of these deposits have ever been used.
In over two years of operation, not a single exchange service has violated its obligations, disappeared with funds, or deceived a customer. Every partner undergoes a strict verification process before being listed, and it works.
The security deposit is a safeguard for emergencies, but no user has ever needed it. That’s all you need to know about Obmify. We don’t just create a safe crypto exchange market – we set a new standard for honesty and transparency.
