Custodial and Non-Custodial Wallets
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arXiv
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| Main Authors: | , |
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| Format: | Preprint |
| Published: |
2024
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| _version_ | 1866929512234614784 |
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| author | Seymour, Tony Goodell, Geoff |
| author_facet | Seymour, Tony Goodell, Geoff |
| contents | 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. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2409_15389 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | Custodial and Non-Custodial Wallets Seymour, Tony Goodell, Geoff Cryptography and Security Computers and Society 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. |
| title | Custodial and Non-Custodial Wallets |
| topic | Cryptography and Security Computers and Society |
| url | https://arxiv.org/abs/2409.15389 |