This page (revision-1) was last changed on 29-Nov-2024 16:16 by UnknownAuthor

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Custodial Wallet
Custodial Wallet

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!!! Overview
[{$pagename}] is a [Cryptocurrency wallet] in which your [Private Keys] are stored by a [Third-party] (a [Custodian])
However, they have some advantages:
* You can manage your [Cryptocurrency] very quickly and at any time when there is an [Internet] connection;
* No chance, well very little, for you lose your [Private Key] and lose access to your [Cryptocurrency];
Disadvantages:
The custodian has control over your money;
* Your [Cryptocurrency wallet] can be seized by a court decision;
* If your [Cryptocurrency wallet] gets hacked, your coins may go missing;
* In the case of ​a​ fork, there is a chance ​to not receive​ your [Cryptocurrency] or not right away.
The [{$pagename}] 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
There might be more information for this subject on one of the following:
[{ReferringPagesPlugin before='*' after='\n' }]
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* [#1] - [Custodial vs Non-Custodial wallet​s Benefits of light wallets|https://medium.com/guarda/%EF%B8%8Fcustodial-vs-non-custodial-wallet-s-%EF%B8%8F-benefits-of-light-wallets-87cf701054d1|target='_blank'] - based on information obtained 2018-10-09-
This page (revision-1) was last changed on 29-Nov-2024 16:16 by UnknownAuthorTop