Noncustodial wallets are just stupid, and nobody should be using them. That's another thing newbies need to learn early on.
You mean only wallets or exchanges? I do not think they are stupid for many reasons. Provide you security, control over your funds and their exchanges can't disappear in any minute. If it comes to trading it's not that much different from custody exchanges, it depends on the exchange.
Nothing is flawless in this world. The way custodial exchange are beneficial for the traders, in a similar way, non-custodial exchanges have their own loopholes. Probably, it will be perfected over a period of time but right at this moment it's difficult to operate even for a seasoned trader. The user-experiace needs to be simplified first to get attention of the mass. The matter of fact, the usage of non-custodial exchange is shrinking. Read below,
https://www.theblockcrypto.com/linked/52698/total-volume-on-non-custodial-crypto-exchanges-hit-9-month-low-in-december
Not really sure what will happen in future. But at this moment, non-custodial exchanges have not been able to become an worthy competitor of custodial exchanges!
https://www.theblockcrypto.com/linked/52698/total-volume-on-non-custodial-crypto-exchanges-hit-9-month-low-in-december
Not really sure what will happen in future. But at this moment, non-custodial exchanges have not been able to become an worthy competitor of custodial exchanges!
They have not been able because they are unknown, and people relly on well-known exchanges. Even tho they are hacked from time to time and people lose money.
In these days non-custodial exchanges are associated with a slowness which is no longer true. Many non-custodial exchanges came up with idea of a daily settlement destroying the stereotyp of slow funds transfer. In this way you have fast exchange, with high security
