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Custodial Wallet

Overview#

Custodial Wallet is a Cryptocurrency wallet in which your Private Keys are stored by a Third-party (a Custodian)

However, they have some advantages:

Disadvantages:

The custodian has control over your money;

The Custodial Wallet is very similar in its ​function​ to the principles of ​a​ bank​, meaning​ you do not fully control your money ​inside of​ it. Yes, the money remains yours, but it is in the hands of Custodian.

More Information#

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