An exchange optimizes turnover. A vault optimizes the coins still being there.
SafekeepingNot an exchangeNo ACHNot a bank
The balance is a line on an exchange. A withdrawal waits on a ticket. The job is to leave the coins for years, and the first screen is still a trade ticket. The statement is an account balance, not a coin at an address the institution can point to.
Those are the signs.
An exchange account is a claim on a venue. You see a balance in a database the venue controls. The venue can freeze that balance, can net it against other customers, and is in the business of getting you to trade again. The coins, when they exist on a chain at all, are usually in wallets the venue operates for the whole book. Your login is not a key. Your withdrawal is a request. Safekeeping is a different job. The job is to park specific assets for a long time, to make unplanned movement hard, and to leave a record of movement that names a counterparty instead of only a hash. JIL Wallet is built for that job. It is not built to be the venue.
The difference is not a moral slogan. It shows up in failure. An exchange fails when the venue cannot pay withdrawals, when it commingles the book, or when it halts trading. A safekeeping wallet fails when a key is lost, when a signer who should not have the secret does, or when a person confirms the wrong address. Those are not the same incident, and a product should not advertise one while operating as the other. JIL Wallet will not call itself an exchange. It also will not call the default key classic self-custody. Both refusals are the product.
On the default key, you authorize and the server reconstructs the signing secret. There is no user-held shard. That is closer to a hosted signer than to a hardware wallet, and it is still not an exchange omnibus. The company is not running a trading book against your coins, is not promising yield on them, and is not offering to reverse a completed sign the way a card network reverses a charge. It can refuse or delay a sign that has not happened. It is not a bank, and it does not do ACH. If you want the signature to come from a key you control, use a hardware wallet or a Gnosis Safe. Those are the non-custodial paths. The exchange comparison does not erase the key fact, and the key fact does not turn the wallet into a brokerage.
Import is free. Coins can sit in the wallet without a product fee. The company is paid when you wrap or unwrap, in stablecoins. Wrap is a protection shell, not a deposit and not a transfer of title. There is no ACH subscription hiding behind hold. An exchange, by contrast, is typically paid on the spread and the fee of the trade, which is why the interface keeps offering you one. This interface should not. A swap control may exist as a tool. It is not the front door, and it is not a reason to classify the company as a trading venue.
When value does need to move toward an exchange or another external venue, the product uses a temporary session address, not your standing wallet address. The standing address is the one you keep. The session address is the one you hand to the venue for that movement. That pipe is how safekeeping talks to a market without becoming the market. It is not a solicitation to trade, and it does not make JIL the counterparty to your exchange order.
Identity and sanctions screening sit on material movement. That is KYC and AML work, and OFAC-class screening, because moving value without it is how both vaults and exchanges get shut. Screening is not a bank account application. Passing it does not insure the coins and does not give you a routing number. There is no routing number. There is no ACH.
Custodian is the word that causes the mix. An exchange is often a custodian in the practical sense that it holds the coins and you hold a claim. A trust company custodian holds keys under a charter and a contract. JIL Wallet is neither. It does not take a deposit. It does not offer a charter product on this page. And, said in the same breath, the default key is reconstructed on the server, so the company is not entitled to the marketing line that only you can sign. Hold both facts. The hardware path and the Safe path are where the second fact changes.
Yield is the other mix. Exchanges and lending desks pay you, or say they pay you, to leave coins with them. That payment is them using the coins. This wallet does not pay you to hold, and it does not lend your idle balance as the product. Free to hold means free, not a teaser rate. If you want yield, you want a different contract, with a different risk, from someone who will say they are lending. You do not want this page to imply it.
The Layer-1 does not settle the confusion by being Ethereum. The JIL chain is not EVM. Ethereum is reached by a bridge. An ERC-20 balance on an exchange and a wrapped token in this wallet are not the same record. Read the wrap article before you treat them as interchangeable, and read the Layer-1 article before you tell someone the wallet is the chain or the chain is a side exchange.
JIL Federation Technologies, Inc., a Delaware corporation, operates this wallet and the Layer-1 site at jilsovereign.net. getjil.com and wallet.getjil.com are the two hostnames of this one app. Payment integrity, CREB, and AVA are JIL Sovereign Technologies, Inc. at jilsovereign.com. That sister company is not the operator of getjil.com, wallet.getjil.com, or jilsovereign.net. JIL Sovereign Holdings, LLC (Wyoming) owns the intellectual property and licenses it. Holdings is not the operator of this site. No foundation operates these hosts.
Choose an exchange when you are actively trading and you accept a claim on the venue. Choose this wallet when you are done trading for a while and you want a place to park, with wrap as an optional shell and with a key path you have actually read. Choose hardware or a Safe inside that wallet when the park is large enough that a server-reconstructed key is the wrong sentence. Do not choose this wallet because a headline said you hold every key. The headline that is true is on the default-key page.
Nothing here is financial, legal, or tax advice. Nothing here is an offer of securities, banking, or insurance. The operator is JIL Federation Technologies, Inc. The payment-integrity company does not run this choice, and a foundation does not run it either.
No. It is safekeeping software. The job is to park assets, not to run a trading book. A swap tool is not the product, and the company is not your exchange counterparty.
Not on the default key. That key is reconstructed on the server, and there is no user-held shard. It is still not an exchange omnibus. Hardware wallets and Gnosis Safe are where you control keys.
No. Import and hold are free. Wrap and unwrap are how the product is paid, in stablecoins. There is no ACH. There is no spread on a trading book, because this is not the trading book.
JIL can refuse or delay a sign that has not happened, for identity, sanctions, or policy. It cannot honestly promise to reverse a sign that has already been produced. That is not the same control as an exchange editing your claim on its book.
JIL Federation Technologies, Inc. operates this wallet and the Layer-1 at jilsovereign.net. JIL Sovereign Technologies, Inc. at jilsovereign.com operates payment integrity. Holdings licenses the IP. No foundation operates the wallet.
Keep reading the related guides, or open the product. Paths: wallet.getjil.com, getjil.com, Command, Wrap, Gnosis Safe, Hardware wallets. A person can write to support@jilsovereign.com.
JIL Federation Technologies, Inc. operates getjil.com and wallet.getjil.com, the same company as the Layer-1 at jilsovereign.net.