Custodial Cryptocurrency wallets And its Outstanding Features
Cryptocurrency wallets are the tools that help traders readily access and store their digital assets. Such a wallet will have a private key that ensures multi-layer security. Popularly, there are two types of wallets, such as custodial wallets and non-custodial wallets. Both will possess unique characteristics, and the trader can choose any of them based on their preference.
In this blog, we will discuss custodial wallets in brief. Let us dive in.
Custodial wallet
As the name suggests, custodial wallets will have a guardian or custodian who possesses access to your funds and data. In real life, banks are one of the custodians. They take care of our ornaments and fiat in return for a fee. Alternatively, if you want to deploy your own wallet, get in touch with a highly experienced crypto wallet development service provider.
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