Cryptocurrency Q&A
What is the difference between custodian and wallet?
What is the difference between custodian and wallet?
CryptoVanguard
Sun Nov 03 2024
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6 answers
1261
I want to know the distinction between a custodian and a wallet. What are their unique functions and how do they differ from each other in terms of usage and purpose?
6 answers
NebulaPulse
Tue Nov 05 2024
On the other hand, custodial wallets streamline the process of managing cryptocurrency.
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ZenBalance
Tue Nov 05 2024
Providers of custodial wallets take charge of key management and security, reducing the burden on users.
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JejuSunshineSoulMateWarmth
Tue Nov 05 2024
Self-custody wallets impose a responsibility on users to manage intricate details such as private keys and seed phrases.
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Marco
Tue Nov 05 2024
This aspect of self-custody can often be deemed cumbersome and overwhelming for some individuals.
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Andrea
Tue Nov 05 2024
This makes custodial wallets more user-friendly, particularly for those who are new to the world of cryptocurrency.
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