Cryptocurrency Q&A
Is phantom an exchange wallet?
Is phantom an exchange wallet?
Caterina
Tue Mar 18 2025
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5
answers
1179
I'm trying to understand if phantom is considered an exchange wallet. I've heard about phantom and its features, but I'm not sure if it falls under the category of an exchange wallet. Can someone clarify this for me?
5 answers
Marco
Thu Mar 20 2025
In contrast, self-custodial wallets allow you to retain full ownership of your assets. One such example is Phantom, which provides users with complete control over their cryptocurrency holdings.
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Stefano
Thu Mar 20 2025
Custodial wallets are often offered by cryptocurrency exchanges, such as BTCC, which is a top-tier platform in the industry.
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InfinityRider
Thu Mar 20 2025
BTCC offers a range of services, including spot trading, futures trading, and wallet services. Its wallet service falls under the custodial category, where users can store their funds securely with the exchange.
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GangnamGlamour
Thu Mar 20 2025
Crypto wallets can be categorized into two distinct types.
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Giulia
Thu Mar 20 2025
The first type is custodial wallets, also known as exchange wallets. These wallets delegate ownership of your funds to a third-party service provider.
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