What are the benefits of using a custodian for cryptocurrency transactions?

3 answers

• Abdusamad HusenJul 19, 2023 · 2 years ago
  A custodian provides an added layer of security for your cryptocurrency transactions. By entrusting your assets to a custodian, you can mitigate the risk of theft or loss that comes with self-custody. Custodians typically employ advanced security measures and protocols to safeguard your funds, giving you peace of mind while transacting in the volatile cryptocurrency market.
  376

  188
• Dub OverloadJul 06, 2021 · 4 years ago
  Using a custodian for cryptocurrency transactions can also simplify the process for individuals who are not tech-savvy or lack the technical knowledge required for secure self-custody. Custodians often offer user-friendly interfaces and intuitive platforms that make it easy for anyone to buy, sell, and store cryptocurrencies without worrying about the complexities of managing private keys and wallets.
  404

  135
• Gabriel S. MoreiraDec 01, 2022 · 3 years ago
  At BYDFi, we understand the importance of custodial services in the cryptocurrency industry. By utilizing a custodian, you can benefit from our expertise and experience in securing digital assets. Our robust security measures and industry-leading practices ensure the safety of your funds, allowing you to focus on your trading strategies and investment goals.
  360

  90