Benefits of using non custodial wallet

Modified on Fri, 16 Aug, 2024 at 5:10 PM

1. Full Control:
Users have complete control over their funds. There’s no need to trust a third party with your private keys, which reduces the risk of hacks or mismanagement by external entities.


2. Enhanced Security:
Since private keys are stored locally and not on a centralized server, the risk of large-scale hacks is minimized. Users are less susceptible to the security breaches that have plagued centralized exchanges and custodial wallets.


2. Privacy:
Non-custodial wallets typically offer greater privacy. Transactions are managed directly by the user without involving intermediaries, which means less personal information is exposed.


3. No Middlemen:
Transactions are processed directly on the blockchain without the need for intermediaries, resulting in potentially lower fees and faster transaction times.

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