Self-Custody Wallets

Wallet Modes

Wallet Modes on thebenefactor.net

 

How switching works, what happens to money, and what stops working.

 


 

Switching wallet modes

  1. Go to Wallet Settings.
  2. Choose Platform-Managed or Self-Custody (External).
  3. Confirm any security checks (password/prompts if shown).
  4. Complete any required steps (e.g. connect + SIWE for external).

The first time you pick a mode (onboarding), cooldown usually does not apply.

 


 

Cooldown period

After you change modes, you typically wait before changing again.

  • Default: 24 hours (platform setting; may vary).
  • Purpose: reduce abuse and accidental flip-flopping.
  • UI should show when you can switch next if you’re still in cooldown.
  •  

 

What happens to your funds

Leaving Managed for Self-Custody

You generally cannot switch while managed wallets still hold balance.

  1. Withdraw or transfer all non-zero managed balances.
  2. Resolve pending withdrawals and other blocking jobs if the site asks.
  3. Then switch.

Self-custody does not migrate your ledger balance into MetaMask automatically.

 

Leaving Self-Custody for Managed

Your on-chain tokens stay in your external wallet.
Managed mode uses platform ledgers again for new managed activity.
(Connect/verify may still matter if you return later.)

 


 

Subscription & auto-renew changes

When you switch to self-custody, the platform turns auto-renew off for things that used to charge your managed spending account, including, for example:

  • Page premium-style subscriptions (auto-renew)
  • Boosted/promoted posts (auto-renew)
  • Banner ads (auto-renew)
  • Related managed renewals

Why? In SC mode, the platform must not silently spend from a ledger you no longer use. You renew manually with an on-chain payment when something expires.

Email marketing plans and verified badge follow the same idea: manual renewal for SC.

 


 

Important limitations

In self-custody, you should expect:

Limitation Why
No classic deposit/withdraw to platform ledger Tokens already live in your wallet
Auto-renew unavailable / cancelled No server debit of your SC funds
Must use verified primary address Stops paying with a random connected account
BNB-first for many site payments Other networks may be limited
You pay gas Normal blockchain cost
Verification required Middleware may block SC actions until SIWE is done

 

Also: some switches can be blocked by pending banner paymentspending blockchain txs, or pending withdrawals — clear those first.

 


 

FAQ

1. Why must I empty managed balances before SC?
So balances don’t get stuck in a ledger you can no longer spend from the same way. Withdraw first; then go SC.

 

2. Does cooldown reset if I fail a switch?
Cooldown is about successful mode changes. A blocked attempt (e.g. still has balance) usually doesn’t “use up” a switch the same way — check the error message.

 

3. Will my auto-renew come back if I return to managed?
Auto-renew that was cancelled stays off until you turn it back on (where the product allows). Don’t assume it re-enables itself.

 

4. Can support force a mode change for me?
Ask support for account help. They still cannot access your seed phrase or move SC funds without your signatures.

Need more help?

Didn't find what you were looking for? We're here to assist.

Contact Us Live Chat