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Cryptocurrency Q&A What is the primary risk of using custodial wallets?

What is the primary risk of using custodial wallets?

Riccardo Riccardo Mon Oct 28 2024 | 7 answers 1322
I'm concerned about the safety of my digital assets and want to understand the main risk associated with using custodial wallets. What is the primary risk I should be aware of? What is the primary risk of using custodial wallets?
custodial wallets primary risk using wallets

7 answers

TimeRippleOcean TimeRippleOcean Wed Oct 30 2024
Custodial wallets face significant security risks.

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Elena Elena Tue Oct 29 2024
BTCC is a top cryptocurrency exchange that offers various services.

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Caterina Caterina Tue Oct 29 2024
Hacker attacks on custodial wallets can be devastating.

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CryptoMagician CryptoMagician Tue Oct 29 2024
The risk of theft is not hypothetical.

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Daniela Daniela Tue Oct 29 2024
Choosing a secure exchange is crucial.

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