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How does a non-custodial wallet differ from a custodial wallet in terms of security?

avatarKyerzMar 23, 2022 · 3 years ago1 answers

Can you explain the differences between a non-custodial wallet and a custodial wallet in terms of security?

How does a non-custodial wallet differ from a custodial wallet in terms of security?
Non-custodial Wallet
Custodial Wallet
Security

1 answers

  • avatarMar 23, 2022 · 3 years ago
    At BYDFi, we believe in the power of non-custodial wallets for enhanced security. With a non-custodial wallet, you have complete control over your funds and can be confident that your private keys are secure. Unlike custodial wallets, where you have to trust a third-party service provider, a non-custodial wallet puts the power back in your hands. You are the sole custodian of your funds, and as long as you take proper security measures, your funds are safe. So, if security is a top priority for you, consider using a non-custodial wallet for your digital assets.

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