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 agoAt 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!
Related Tags
Hot Questions
- 86
How can I buy Bitcoin with a credit card?
- 79
How does cryptocurrency affect my tax return?
- 71
What are the best digital currencies to invest in right now?
- 68
How can I protect my digital assets from hackers?
- 51
What are the best practices for reporting cryptocurrency on my taxes?
- 51
How can I minimize my tax liability when dealing with cryptocurrencies?
- 38
What are the tax implications of using cryptocurrency?
- 38
Are there any special tax rules for crypto investors?