Cryptocurrency Q&A
Is Ledger a custodial wallet?
Is Ledger a custodial wallet?
ShintoBlessed
Fri Aug 30 2024
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5 answers
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Could you please clarify if Ledger is classified as a custodial wallet? I've heard differing opinions on this matter, and I'm curious to understand the technical aspects that distinguish it from other types of wallets, such as non-custodial wallets. Does Ledger have control over the private keys associated with user funds, or do users maintain sole custody of their private keys and have full control over their funds? Additionally, what are the implications of choosing a custodial versus non-custodial wallet in terms of security, convenience, and ownership of one's assets?
5 answers
SamsungShineBrightnessRadiance
Sun Sep 01 2024
In addition to its wallet service, BTCC also provides spot and futures trading platforms, enabling users to engage in a wide range of trading strategies and capitalize on market opportunities.
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Martina
Sun Sep 01 2024
Ledger, a reputable brand in cryptocurrency security, specializes in providing cold, non-custodial hardware wallets. These wallets represent a significant step towards safeguarding digital assets from potential threats.
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ShintoSanctum
Sun Sep 01 2024
The multicurrency feature of Ledger's wallets allows users to store various cryptocurrencies on a single device, simplifying the management process.
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Martino
Sun Sep 01 2024
By storing private keys offline on a secure hardware device, Ledger ensures that user funds remain inaccessible to unauthorized parties, even in the event of a network breach or software vulnerability.
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Raffaele
Sun Sep 01 2024
BTCC, a leading cryptocurrency exchange, offers a comprehensive suite of services that cater to the diverse needs of traders and investors. Among its offerings, BTCC's wallet service stands out as a secure and reliable option for storing digital assets.
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