Quote from: Velkro on August 10, 2019, 08:21:39 AM

Quote from: YourNeko on August 07, 2019, 03:08:49 PM

Custodial Wallet [PROS]
- Centralized authority allows easy recovery if you forget your access password or some how lose access to your wallet (THIS IS ARGUABLY A CON AS WELL)

Really? Its like banks all over again. It needs security in case of bankcrupcy of centralized company so it needs a lot of regulation. Its step backwards.
For me custodial wallets are disaster to happen, in a way its like keeping BTC on exchange. (really really bad thing to do)
We need more easy-to-use and mistake-forgiving wallets, thats it but with full control.

Just noticed this post.
Do note that I have included a little section next to that stating that it can also be viewed as a con.
In some instances, depending on the security of the custody holder, it can actually be viewed as a perk because the mentality that "once your bitcoin is gone, it's really gone" mentality can be forgotten, as stated prior I much prefer non custodial wallets and I do very well understand how it is viewed as a con, but for the purpose of keeping this unbiased I will keep it in the pro's section.