Cryptocurrency Q&A
Is Binance a custodian?
Is Binance a custodian?
BonsaiBeauty
Tue Nov 05 2024
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6 answers
1262
I'm trying to understand if Binance operates as a custodian. I want to know if they hold and manage assets for their clients, providing safekeeping services.
6 answers
Federico
Wed Nov 06 2024
In contrast, a non-custodial wallet offers a different level of control.
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DigitalDragonfly
Wed Nov 06 2024
A custodial wallet represents a specific type of service in the cryptocurrency world.
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SeoulSerenitySeekerPeace
Wed Nov 06 2024
With a non-custodial wallet, the owner retains full authority over their assets.
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GwanghwamunGuardianAngelWings
Wed Nov 06 2024
Providers like Binance Custody take ownership of the wallet's private key.
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BitcoinBaronGuard
Wed Nov 06 2024
This arrangement allows the service to store and manage the assets on behalf of the owner.
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