Do Crypto Investors Need a Custody Wallet?

[Suba]

Custody is a medium in the form of an institution or company that is considered safe for storing valuables such as gold, stocks, bonds, certificates and cryptocurrencies.

So crypto custodial wallet is a safe place to store crypto, because in general crypto owners often forget private keys, Custodial wallet will maintain security for all user crypto stored and will be guaranteed by the developer or their company.

Custodial wallets are like other crypto wallets based on web browsers, mobile applications, browser extensions and hardware wallets.
Here are some examples of custodial wallets such as Binance, Coinbase, Blockchain.com, Bitgo, Bitmex, Kraken, Holytransaction, Coinpayment etc.

 

[Hate2Wait]

That would be best because we do need these services to store our valuables and can use this option effectively

 

[Suba]

That would be best because we do need these services to store our valuables and can use this option effectively

There will be many conveniences and more practical if crypto investors use a custodial wallet, especially for daily transactions which are carried out almost all the time. Also, investors don't need to remember seephrases, because they already trust the wallet they use.