What are the importance of this non_ custodial wallet?
What are the importance of this non_ custodial wallet?
I have been mean to ask this question, but it keeps skipping out of my mind. so I have decided to ask to know the importance of non_custodial wallet, because most investors prefer to use non custodial wallet to store most of their asset, why did they choose non custodial wallet when they are many wallet’s out there to use in storing their assets? I keep hearing about non custodial wallet so I will like to know of which importance is this non custodial wallet to us as investors?
It seems you don’t understand what non-custodial storage means. It is a wallet where you have control of the keys and seed phrase. This way the assets or coins on that wallet is controlled by you, you can move funds anytime you like without having to worry for confirmation from any platform. Also it so save in such way that you don’t get the scare of a custodial wallet collapsing.
If you ask me it is one of the core principles of bitcoin; that is been your own bank. The phrase not your keys not your coins is definitely referring to any one not using non-custodial wallet.