Differences between Bequant Global Vault and Bequant Fireblocks Vault

Below is a summary of the difference between the two custody systems offered by Bequant Prime Brokerage for depositing and withdrawing funds in and out of our ecosystem.

	Bequant Global Vault	Fireblocks Vault
Withdrawal Fees Bequant PB > External Wallet Bequant PB > PB Ecosystem	Flat Fee, independent of volume, roughly equal to blockchain gas fees. i.e. Withdrawal Amount: 200,000 USDT Fee = 10 USDT (flat rate)	Flat Fees, independent of volume, roughly equal to blockchain gas fees. AND (+) Volume Based fee - 0.01% of outbound transaction value i.e. Withdrawal Amount: 200,000 USDT Fee = 5 USDT (gas fee) + (0.01% of 200,000 USDT) = 25 USDT
Fee charges	Fees charged at the time of transaction.	Fees charged once a month via Invoice for all transactions executed during the previous month.
Speed	Somewhat Fast: Withdrawals are processed on a first come first serve queue system. All client funds are pulled into one wallet to facilitate payouts. Ability to convert between chains on demand.	Very Fast: Every client has a dedicated wallet. Funds that go into the wallet are the ONLY funds available for withdrawals. (what goes in, comes out) No automatic conversions between chains.
Advantages	Cost-effectiveness Automatic chain conversions	Speed
Disadvantages	First come, first serve queue system: in times of increased market volatility or activity, withdrawals may be delayed	No automatic chain conversions (if you deposit USDT on polygon, only USDT on polygon is available for withdrawals) Cost (1bp * Volume)

What is Bequant Global Vault?

Bequant Global Vault is a secure and reliable cryptocurrency custody solution that allows users to store their digital assets with peace of mind. Withdrawals from the Bequant Global Vault are charged at a fixed fee, independent of volume. The fee may fluctuate depending on market demand, but fluctuations are rare. However, delays may occur during times of high volatility or significant market events, as the model operates on a first come first serve queue system, with coins being pulled into one wallet.

What is Bequant Fireblocks Vault?

Fireblocks Vault is a fast and efficient cryptocurrency custody solution that offers immediate availability of funds for withdrawals. Withdrawals from the Fireblocks Vault are charged at the market gas fee rate plus 1 basis point of volume. The advantage of Fireblocks is speed, as all your funds are always on your own wallet and are not pulled into one wallet. There is no queue system, and Fireblocks withdrawals should definitely be used during times of high market volatility or significant market events.

What is the difference between Bequant Global Vault and Fireblocks Vault?

The primary difference between the two is the fee structure for withdrawals and the speed of withdrawals. Bequant Global Vault charges a fixed fee, independent of volume, while Fireblocks Vault charges at the market gas fee rate plus 1 basis point of volume. Additionally, Bequant Global Vault operates on a first come first serve queue system, while Fireblocks Vault does not have a queue system, and funds are always available for immediate withdrawal.

Why and when should I use Bequant Global Vault?

Bequant Global Vault is an ideal solution for those who prioritize cost-effectiveness. While fees are flat, the fees do fluctuate to adapt to the prevailing gas market costs.

Why and when should I use Fireblocks Vault?

Fireblocks Vault is an ideal solution for those who prioritize speed and availability. With immediate availability of funds for withdrawals and no queue system, Fireblocks Vault is an excellent option for those who need quick and reliable access to their digital assets even in times of increased market activity and volatility. However, that comes at a cost.

Both solutions adhere to the highest security standards.