Friday, February 3

Tag: Custodial wallet

Custodial and non-custodial Wallets: Definition and Differences
Crypto Guides

Custodial and non-custodial Wallets: Definition and Differences

The two kinds of Cryptocurrency wallets that traders in the crypto market are using are Custodial and non-custodial wallets, before a trader purchases any cryptocurrency, he will need a custodial wallet for the transaction, after the purchase, he can move the coin to a safer place like a non-custodial wallet; an offline and personalized environment just to protect his asset. It is the trader that can decide whether to store his coin in the custodial's wallet or move it to a non-custodial wallet. Read Also: 95% Of Employees Say Ripple Is A Great Place To Work, As It Plans To fill Vacancy What does a Custodial wallet mean? The custodial wallet is a type of wallet that validates a trader's authenticity to be able to purchase a coin in any exchange. It is issued by the exchange co...