common-close-0
BYDFi
Trade wherever you are!

Which type of wallet, custodial or non-custodial, offers more control and ownership over one's cryptocurrencies?

avatarSnapDec 27, 2021 · 3 years ago1 answers

When it comes to cryptocurrencies, which type of wallet, custodial or non-custodial, provides users with greater control and ownership over their digital assets?

Which type of wallet, custodial or non-custodial, offers more control and ownership over one's cryptocurrencies?

1 answers

  • avatarDec 27, 2021 · 3 years ago
    As an expert in the field, I would recommend using non-custodial wallets for those who prioritize control and ownership over their cryptocurrencies. Non-custodial wallets provide users with the highest level of control and security, as they are not reliant on a third-party custodian. However, it's important to note that non-custodial wallets require users to take full responsibility for the security of their private keys. Users must ensure they use strong passwords, enable two-factor authentication, and keep their private keys secure to prevent unauthorized access to their funds. By using a non-custodial wallet, users can have peace of mind knowing that they have complete control over their digital assets.