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The Difference Between Custodial and Noncustodial Cryptocurrency Services

The Difference Between Custodial and Noncustodial Cryptocurrency Services

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The Difference Between Custodial and Noncustodial Cryptocurrency Services

Wallets

Since the Bitcoin Cash (BCH) fork occurred recently, it’s a good time to discuss the difference between custodial and noncustodial cryptocurrency services. Newcomers to the digital asset economy often get confused when they hear about a blockchain split and may wonder how they should handle the outcome. Individuals should note that the best solution depends greatly on how they prefer to store their cryptocurrencies – in a custodial or noncustodial wallet.

Also read: Follow This Branch: A Guide to Splitting BCH and BSV

Third Party and Sovereign Control Over Private Keys

If you have just joined the cryptocurrency space, you might find some parts of the ecosystem confusing. One of the most important lessons to learn is the best way to keep your…

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