Custodial and Non-Custodial Wallets
Cryptography and Security
2024-09-25 v1 Computers and Society
Abstract
Non-custodial wallets are a type of cryptocurrency wallet wherein the owner has full control over the private keys and is solely responsible for managing and securing the digital assets that it contains. Unlike custodial wallets, which are managed by third parties, such as exchanges, non-custodial wallets ensure that funds are controlled exclusively by the end user. We characterise the difference between custodial and non-custodial wallets and examine their key features and related risks.
Cite
@article{arxiv.2409.15389,
title = {Custodial and Non-Custodial Wallets},
author = {Tony Seymour and Geoff Goodell},
journal= {arXiv preprint arXiv:2409.15389},
year = {2024}
}
Comments
6 pages, 1 figure