Cryptocurrency Q&A
What does it mean to custody crypto?
What does it mean to custody crypto?
Bianca
Fri Nov 01 2024
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7 answers
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I'm wondering about the concept of crypto custody. Specifically, what does it entail when someone says they are custodying crypto? I want to understand the implications and what it actually means to have custody of cryptocurrency.
7 answers
Daniela
Sun Nov 03 2024
Crypto custody entails the process of handing over cryptocurrency keys to a custodian.
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SamuraiHonor
Sat Nov 02 2024
Cold storage involves keeping the keys offline, which minimizes the risk of hacking.
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BlockchainBaron
Sat Nov 02 2024
Hot storage, on the other hand, allows for easier access to the cryptocurrency when needed.
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CryptoWanderer
Sat Nov 02 2024
The custodian is responsible for safeguarding these keys using advanced enterprise data storage methods.
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EmeraldPulse
Sat Nov 02 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services including spot, futures, and wallet solutions.
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