Re: Custodial vs. Non Custodial Wallets - "Not your keys, not your coin" Explained.
I would like to add on the `Custodial And Non Custodial Exchanges`
Custodial Exchanges -
Non-Custodial Exchanges
Currently all out of sMerit but ill put some on this post when i have some, thanks for this Custodial Exchanges -
- Exchanges which hold your cryptos on your behalf, mostly these are the exchanges where you can do trading, and they also have good liquidity. It is good for users who do daily trading.
- Example - Binance, KuCoin, Huobi Global, HitBtc, Coinbase etc are all custodial exchanges.
Non-Custodial Exchanges
- Exchanges which does not hold your cryptos, you can call the instant exchanges, only when you send them your cryptos for trading, they will be having access to your funds, and then they will return you back the traded coin.
- Example - CoinSwitch Exchange - They are an exchange aggregator service, you can compare the prices offered at all leading exchanges like, binance, changelly, shapeshift, changenow, simpleswap , Changelly, Shapeshift, Swaplab, Blocktrades.
- For trading on instant exchanges you need to store your cryptos in your wallets, exodus, trezor, metamask, trust wallets, atomic wallets are some of the examples of Non Custodial Wallets.
ill edit this in to the OPHi, thanks for being generous and considering my content for your post. I have a request please add custodial exchanges and non custodial exchanges in your post, I do not see that. Also I would like to tell you that I work at instant exchange coinswitch.co , and you we are proudly serving exodus, trezor wallet. They use our APIs for exchanging customers funds within the wallet. Do try us out, and let me know if you have any other queries.