Giuseppe
Mon Sep 02 2024
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6 answers
1194
Is Coinbase a hosted or a non-custodial wallet?
I'm curious about the nature of Coinbase's wallet service. Can you please clarify whether Coinbase operates as a hosted wallet, where the platform retains control and custody of users' private keys, or as a non-custodial wallet, where users maintain their own private keys and have full control over their funds? Understanding this distinction is crucial for individuals looking to store and manage their cryptocurrency securely.
RubyGlider
Wed Jul 17 2024
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7 answers
1506
How to set up a crypto wallet as a hosted wallet?
Could you please elaborate on the steps required to set up a crypto wallet as a hosted wallet? I'm particularly interested in understanding the initial considerations to make, the selection of a reliable service provider, and the specific procedures involved in setting up the wallet. Additionally, I would like to know about any security measures I should take to protect my funds and how I can access and manage my wallet effectively. It would be great if you could provide a concise yet comprehensive guide on navigating this process.
Chiara
Sat Jul 06 2024
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7 answers
1883
Should I Keep my crypto in a hosted wallet?
As a cryptocurrency investor, I'm often faced with the question of where to store my digital assets. One popular option is to use a hosted wallet, but is it really the best choice? Hosted wallets, also known as custodial wallets, offer convenience and ease of use, but they also come with certain risks. They rely on a third-party service provider to manage and safeguard your private keys, which could potentially lead to security vulnerabilities. Additionally, there's always the risk of the service provider being hacked or going offline, leaving your funds inaccessible. So, should I keep my crypto in a hosted wallet? Or should I opt for a more secure, self-custodial solution? I'd like to hear your thoughts on this matter.
