How does a non-custodial wallet ensure the security of my digital assets?

3 answers

• miladz2548Aug 24, 2024 · 10 months ago
  A non-custodial wallet ensures the security of your digital assets by giving you full control over your funds. Unlike custodial wallets, which store your private keys on their servers, non-custodial wallets store your private keys locally on your device. This means that you are the only one who has access to your private keys, and therefore, the only one who can access and manage your digital assets. Additionally, non-custodial wallets often use encryption to protect your private keys from unauthorized access. By keeping your private keys secure and in your control, non-custodial wallets provide a higher level of security for your digital assets.
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• LEGEND 'AMEEN'Jul 17, 2020 · 5 years ago
  When you use a non-custodial wallet, your private keys are stored securely on your device, rather than on a centralized server. This means that even if the wallet provider's servers are compromised, your digital assets will remain safe. Non-custodial wallets also often use strong encryption algorithms to protect your private keys from being accessed by unauthorized parties. Furthermore, many non-custodial wallets require you to set up a strong password or PIN to access your funds, adding an extra layer of security. Overall, non-custodial wallets prioritize the security and control of your digital assets.
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• marwa gamalJul 07, 2023 · 2 years ago
  At BYDFi, we take the security of your digital assets very seriously. Our non-custodial wallet utilizes industry-standard security measures to ensure the safety of your funds. Your private keys are encrypted and stored locally on your device, meaning that only you have access to them. We also employ multi-factor authentication to further protect your wallet. Additionally, BYDFi regularly conducts security audits and updates our systems to stay ahead of potential threats. With BYDFi's non-custodial wallet, you can have peace of mind knowing that your digital assets are secure.
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