What are the differences between a custodial account and a non-custodial account in the context of cryptocurrency?

1 answers

• Mar 19, 2022 · 3 years ago
  Custodial accounts are often recommended for beginners or users who prioritize convenience over absolute control. They are suitable for those who are not familiar with managing private keys or who prefer to have a centralized entity handle their funds. Non-custodial accounts, on the other hand, are ideal for users who value privacy, security, and control. They are more suitable for experienced users who are comfortable managing their own private keys and want to have full ownership of their assets. Ultimately, the choice between a custodial and non-custodial account depends on individual preferences and risk tolerance.
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