What are the advantages and disadvantages of using custodial services versus individual ownership for digital assets?

3 answers

• stickersheets23May 29, 2022 · 3 years ago
  Custodial services offer a higher level of security for digital assets. By entrusting your assets to a custodian, you benefit from their advanced security measures and expertise in safeguarding assets. However, the downside is that you have to rely on the custodian's policies and procedures, which may limit your control over your assets.
  339

  170
• Navin AnandMar 12, 2023 · 2 years ago
  Individual ownership of digital assets provides you with complete control and ownership. You can manage your assets independently and have the freedom to make decisions without any third-party involvement. On the flip side, this also means that you are solely responsible for the security and protection of your assets.
  319

  107
• Luthfi TriaswanggaOct 14, 2024 · 8 months ago
  At BYDFi, we believe that custodial services offer a great solution for individuals who prioritize security and convenience. With our custodial services, you can enjoy the peace of mind knowing that your assets are protected by industry-leading security measures. However, we also understand the appeal of individual ownership for those who value full control and autonomy over their digital assets.
  399

  100