Are noncustodial crypto wallets a practical option for the everyday hodler?
Cointelegraph
Published Sep 21, 2022 10:11AM ET
Updated Sep 21, 2022 12:00PM ET
As crypto ownership becomes more and more common, holders will need to think about how they protect and hold their assets. The safest option is storing cryptocurrency in a personal wallet.
Crypto wallets are programs that allow users to store, send and receive cryptocurrency. Each wallet has a private key that allows the wallet to be spent. Private keys are cryptographic strings of code that allow owners to spend the funds inside a wallet, as well as prove ownership. Wallet information is also stored offline, reducing the risk of a hacking attempt. Everyday non-technical crypto users can benefit from the increased security, but it may come at the cost of convenience, depending on their needs.
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Written By: Cointelegraph
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