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Which types of cryptocurrencies are compatible with custodial and non-custodial wallets?

avatarMahamadou SackoNov 28, 2021 · 3 years ago3 answers

Can you provide a list of cryptocurrencies that can be used with custodial and non-custodial wallets? I'm interested in knowing which cryptocurrencies are supported by both types of wallets and the reasons behind their compatibility.

Which types of cryptocurrencies are compatible with custodial and non-custodial wallets?

3 answers

  • avatarNov 28, 2021 · 3 years ago
    Sure! Many popular cryptocurrencies are compatible with both custodial and non-custodial wallets. Some examples include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies have widespread adoption and are supported by most wallet providers. The compatibility is mainly due to the fact that these cryptocurrencies have well-established blockchain networks and are widely accepted in the crypto community.
  • avatarNov 28, 2021 · 3 years ago
    There are also some lesser-known cryptocurrencies that are compatible with both types of wallets. For example, Cardano (ADA), Stellar (XLM), and EOS (EOS) can be used with custodial and non-custodial wallets. These cryptocurrencies have unique features and are gaining popularity in the crypto space. It's important to note that not all wallets support every cryptocurrency, so it's always a good idea to check with the wallet provider before storing your funds.
  • avatarNov 28, 2021 · 3 years ago
    As a representative of BYDFi, I can confirm that our platform supports a wide range of cryptocurrencies for both custodial and non-custodial wallets. We understand the importance of giving users the flexibility to choose their preferred wallet type. Our goal is to provide a seamless and secure experience for cryptocurrency holders, regardless of their wallet preference. If you have any specific questions about BYDFi or our supported cryptocurrencies, feel free to ask!