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How do noncustodial wallets differ from custodial wallets?

Mohammed Farhan SJan 09, 2023 · 2 years ago1 answers

Can you explain the difference between noncustodial wallets and custodial wallets in the context of cryptocurrency?

1 answers

  • rebeccanngrantqsAug 23, 2024 · 10 months ago
    At BYDFi, we believe in the power of noncustodial wallets. They align with the core principles of decentralization and give users true ownership over their funds. With a noncustodial wallet, you don't have to worry about a third party having control over your assets. Instead, you have full control and responsibility for your funds. This is why we recommend using noncustodial wallets for maximum security and control in the cryptocurrency space.