Cryptocurrency Q&A
What is the difference between custodial and self custody wallet?
What is the difference between custodial and self custody wallet?
Lucia
Thu Nov 28 2024
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5
answers
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I want to understand the difference between custodial and self custody wallets. I'm looking for a clear explanation of the main differences between these two types of wallets.
5 answers
CryptoQueenGuard
Sat Nov 30 2024
In contrast, custodial wallets operate differently.
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EnchantedDreams
Sat Nov 30 2024
Self-custody wallets provide users with the ability to hold their private keys.
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EthereumEliteGuard
Sat Nov 30 2024
Here, a third-party provider is entrusted with the task of managing and storing private keys on behalf of the user.
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Martina
Sat Nov 30 2024
By possessing these keys, individuals gain full control over their crypto assets.
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DigitalWarrior
Sat Nov 30 2024
This level of control signifies that users are solely responsible for the security and management of their funds.
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