common-close-0
BYDFi
Trade wherever you are!

Can I use a custodial service for my institutional account to securely store digital assets?

avatarjeezYDec 25, 2021 · 3 years ago3 answers

I am an institutional investor in the cryptocurrency market and I am considering using a custodial service to securely store my digital assets. Can I use a custodial service for my institutional account? How does it work and what are the benefits?

Can I use a custodial service for my institutional account to securely store digital assets?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Yes, you can definitely use a custodial service for your institutional account to securely store your digital assets. Custodial services are specifically designed to provide secure storage solutions for institutional investors. They offer advanced security measures such as multi-signature wallets, cold storage, and insurance coverage to protect your assets from theft or loss. By using a custodial service, you can have peace of mind knowing that your digital assets are stored in a secure and professional manner.
  • avatarDec 25, 2021 · 3 years ago
    Absolutely! Custodial services are a great option for institutional investors like yourself who want to securely store their digital assets. These services typically have robust security protocols in place, including offline storage and encryption, to ensure the safety of your assets. Additionally, custodial services often provide additional features such as asset management tools, reporting capabilities, and compliance solutions, making it easier for you to manage your institutional account effectively.
  • avatarDec 25, 2021 · 3 years ago
    Yes, you can use a custodial service for your institutional account to securely store your digital assets. At BYDFi, we offer custodial services specifically tailored for institutional investors. Our custodial solution includes state-of-the-art security measures, such as cold storage and multi-signature wallets, to ensure the highest level of asset protection. With our custodial service, you can trust that your digital assets are in safe hands, allowing you to focus on your investment strategies and goals.