What is a Crypto Custodial Wallet? The last few years have seen tremendous growth in the cryptocurrency market. People have started believing in digital money. Awareness about digital investment and digital money has increased. But before investing in anything, you should know about it in depth. Many cryptocurrency terms revolve around the crypto market. One of the most common terms used in the cryptocurrency market is a crypto custodial wallet. So you may ask what a crypto custodial wallet is and the types of crypto wallets? What is its importance in the crypto market? Let's dive into the topic.
What is a Crypto Wallet? A Crypto wallet is not like a regular wallet in which you keep the cash. It has a whole different definition in the crypto world. A Crypto wallet is an address that records buying and selling on the blockchain. In simple words, It is a program that allows you to transfer or store your cryptocurrency.
Crypto Custodial and Crypto Non-Custodial Wallet Let’s understand the basics and the difference between crypto custodial and non-custodial wallets.
What is a Crypto Custodial Wallet? When we get money from the job, we usually keep it in the bank or give it to someone to manage it. Cryptocurrency is also like cash. You need to store it at a place and keep track of it.