custodialrisk
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Web3 Wallets: Custodial vs Non-Custodial, What’s Best for You?
Custodial wallets (exchanges) offer convenience, easy access, built-in features, but risk central control.
Non-custodial wallets give you full control over keys but demand personal responsibility (backups, security).
Best practice:
•Keep long term holdings in non custodial (hardware/cold)
•Use custodial for trading, short-term needs
Hybrid strategies often offer the best balance of security and usability.
#wallets #CustodialRisk #NonCustodialWallet #CryptoSecurity
Non-custodial wallets give you full control over keys but demand personal responsibility (backups, security).
Best practice:
•Keep long term holdings in non custodial (hardware/cold)
•Use custodial for trading, short-term needs
Hybrid strategies often offer the best balance of security and usability.
#wallets #CustodialRisk #NonCustodialWallet #CryptoSecurity
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