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Custodial vs. Non-Custodial Wallets: What's the Difference?
THIS COURSE WILL LET YOU:
- Learn what is a custodial wallet
- Learn what is a non-custodial wallet
- Learn the difference between custodial and non-custodial wallets
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What is a custodial cryptocurrency wallet?
A custodial
bitcoin wallet is one in which your private keys are maintained and managed on
your behalf by a third party. In other words, the owner of such a wallet lacks
complete control over their funds and is unable to sign transactions.
What is a non-custodial cryptocurrency wallet?
Users can own
and control their private keys with a non-custodial wallet. This option is best
suited for those who must handle their cash. Owners of non-custodial wallets
can trade cryptocurrencies directly because there are no intermediaries in this
instance.
Basics of Bitcoin And Cryptocurrency
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