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What is ‘this’ that allows you to store tokens, but doesn’t directly own your private key and allows you to directly manage your own assets?

30 Sept, 2023

I assume you are asking for a wallet that enables you to store tokens but doesn't possess your private key. Such wallets are termed "non-custodial wallets". They let you to store, transmit, and receive bitcoins swiftly and securely. You have complete control over your assets and may directly manage them.

In contrast, custodial wallets are third-party services that enable users to keep bitcoin as money is stored in a bank. This enables consumers to forego private key storage, depending instead on the technical skill of the organization supplying the service .

Answer is " Non custodial wallets"

If you're searching for a non-custodial wallet, there are numerous solutions available like as Trezor, Nexo Wallet, StormGain Wallet, and Exodus Wallet. These wallets come in numerous forms and sizes, with desktop, mobile, and hardware wallets available for practically all currencies on the market .

OTHERS QUIZ

What is the hash value of the storage where the state data managed by the CA is stored?

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