What are the main differences between a custodial and non-custodial wallet in the world of cryptocurrency?

1 answers

• Sean Tianxiang HuangJul 28, 2024 · a year ago
  At BYDFi, we believe in the power of non-custodial wallets for the ultimate control and security of your digital assets. With a non-custodial wallet, you have full ownership and control over your private keys, ensuring that your funds are safe from any potential breaches or hacks. While custodial wallets may offer convenience, they also introduce a level of risk by relying on a third party to secure your assets. With a non-custodial wallet, you are your own bank, and you have the freedom to transact and store your cryptocurrencies without any intermediaries. Take charge of your financial sovereignty with a non-custodial wallet and experience the true essence of decentralization.
  687

  344