Deepfans' account balance is your combined income. This includes subscription revenue, revenue from products or services sold, refunds you get, etc.

For secure and fast automated transactions, the account balance is hosted by Coinbase. You can set up your own withdrawal account to receive (withdraw) account balances

Refunds or disputes are inevitable due to transactions between users. In order to ensure the rights of each user, each user needs to temporarily freeze $50,000 deposit before withdrawing.

A withdrawal account is a wallet created by you to withdraw (receive) Deepfans account balance. So it can also be called a withdrawal wallet

A brief explanation of the principle for you:

Deepfasn connects to Coinbase through a variety of APIs. thereby enabling a range of automated functions such as transaction payments, fund escrow, withdrawal transfers, etc. for multiple currencies on the platform.

Coinbase's role is to provide fiat and crypto escrow, as well as providing support for a range of functional technologies.

Your Deepfans account balance is first escrowed by Coinbase. Then you set up your own Deepfans withdrawal account. The account balance is then regularly sent from Coinbase to the withdrawal account you set up.

After setting up your withdrawal account (wallet) for the first time, you will receive your account balance within 24h.

After that, during the first 3 working days of each month, the platform automatically transfers your current account balance to the withdrawal account you have set up.

There is no need to do this manually, it is done automatically once a month.

Okay, let's take an example: Suppose Jack has a recent dispute over 10 transactions totaling $20,000. Jack is at fault, so Jack should refund $20,000 to the winning party.

If Jack has already withdrawn all the funds and the account balance is 0, the winning party will not be able to get a refund from Jack.

In order to avoid this kind of situation, the platform needs to freeze enough deposit to guarantee the winning party's rights. Let's continue with the above example:

If Jack's balance is 0, but he has frozen a deposit of $50,000. Then $20,000 will be deducted from Jack's deposit and given to the winning party of 10 transactions.

Jack will get the remaining $30,000 back after he has dealt with all the trade disputes.

You can click here for details on deposits

The frozen deposit is only temporary, it still belongs to you. The frozen deposit is held in safe escrow by Coinbase.

You can request a refund of your deposit at any time by contacting Deepfans.

There is a delay in updating some of the data on the Deepfans page.

For example, after you freeze a deposit or set up a withdrawal account, it may take some time before you see the relevant status update on the page.

Please be assured that this has no impact on the functionality and usage of your account.