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Questions tagged [custody crypto]

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Bianca Bianca Fri Nov 01 2024 | 7 answers 1568

What does it mean to custody crypto?

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.

What does it mean to custody crypto?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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