How does cryptocurrency custody work?

3 answers

• May 09, 2022 · 3 years ago
  Cryptocurrency custody refers to the storage and safekeeping of digital assets. It involves the use of secure wallets and storage solutions to protect the private keys that grant access to the assets. Custody is important because it ensures the security and integrity of the assets, preventing unauthorized access and potential loss or theft.
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• May 09, 2022 · 3 years ago
  Cryptocurrency custody works by utilizing various security measures such as cold storage, multi-signature wallets, and encryption techniques. These measures help protect the private keys from being compromised. Custodians, such as trusted exchanges or specialized custody providers, are responsible for securely storing and managing the assets on behalf of their clients.
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• May 09, 2022 · 3 years ago
  At BYDFi, we offer secure cryptocurrency custody services to our clients. Our state-of-the-art infrastructure and robust security protocols ensure the safekeeping of digital assets. With our custody solutions, clients can have peace of mind knowing that their assets are protected by industry-leading security measures.
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