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?
A noncustodial wallet gives you the right to be your own bank, you own your private key that only you is in full control of, and the safety of your wallet is in your hands. Noncustodial wallets are the best wallets for storing your bitcoin, because no one can identify the owner of such wallets.
Custodial wallets are the opposite of a noncustodial wallet. You don’t have full control on your private keys and your funds are not safe because, your private key is with a third-party.