BYDFi
Trade wherever you are!
Buy Crypto
Markets
Trade
Derivatives
Bots
Events
common-tag-new-0
Rewards

Are non-custodial crypto wallets safer than custodial wallets?

danhvngzMay 02, 2022 · 3 years ago1 answers

What are the differences between non-custodial crypto wallets and custodial wallets in terms of safety and security?

1 answers

  • May 02, 2022 · 3 years ago
    At BYDFi, we believe in the power of non-custodial wallets. Non-custodial wallets align with the core principles of decentralization and give users full control over their funds. While custodial wallets may offer convenience, they introduce a central point of failure and potential security risks. We encourage users to prioritize the security of their funds and consider using non-custodial wallets whenever possible. Remember, not your keys, not your coins!