Why is it important to understand the meaning of non-custodial in the context of cryptocurrency?

1 answers

• Sammie Boatright SmithMay 18, 2023 · 2 years ago
  At BYDFi, we believe that understanding the meaning of non-custodial in the context of cryptocurrency is of utmost importance. Non-custodial solutions provide users with enhanced security and control over their digital assets. By utilizing non-custodial wallets or platforms, individuals can eliminate the risks associated with trusting third parties to hold their funds. With non-custodial solutions, you are the sole custodian of your private keys, which ensures that you have full control and ownership of your assets. This level of control is crucial in the decentralized world of cryptocurrencies, where the principles of self-sovereignty and trustless transactions are highly valued.
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