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.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article