How IBEX Works
A plain-language explanation of self-custody: what happens on your device, what happens on the blockchain, and what IBEX is not able to do.
From install to your first transaction
- 1
Install the wallet
IBEX runs locally on your device. There is no IBEX account holding your funds.
- 2
Generate your keys
When you create a wallet, keys are generated on your device and never transmitted to IBEX.
- 3
Back up your recovery phrase
Your phrase is the only way to restore the wallet on another device. Record it offline.
- 4
Receive assets
Share your address (or QR code) for the correct network to receive supported assets.
- 5
Send assets
Enter the destination address, check the network and fee, then authorise locally with your key.
- 6
Swap assets
Exchange between supported assets from inside the wallet, reviewing rate and fees first.
Portfolio overview
Your balances
- BTC
Bitcoin
Bitcoin
- ETH
Ethereum
Ethereum
- SOL
Solana
Solana
- USDT
Tether
Ethereum / Tron
Interface illustration. Balances and figures shown are examples only.
What IBEX can do
- Provide software that generates and stores keys on your device.
- Display balances and history read from public blockchain networks.
- Help you construct, review and broadcast transactions you authorise.
- Offer guidance and documentation for using the wallet safely.
What IBEX cannot do
- Access, move or freeze your funds.
- Recover a lost recovery phrase or reset a wallet password.
- Reverse a confirmed blockchain transaction.
- Retrieve assets sent to a wrong address or unsupported network.