Difference between revisions of "Custodial"
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A custodial service is a service that stores a digital asset on your behalf for which you can send and receive transactions from it, yet cannot access the [[private key]]s. | A custodial service is a service that stores a digital asset on your behalf for which you can send and receive transactions from it, yet cannot access the [[private key]]s. | ||
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| + | This differs from a [[non-custodial]] service in which the service or client that stores the digital asset cannot access the keys, but provides a service from which users can send and receive transactions. | ||
Latest revision as of 16:34, 27 April 2022
A custodial service is a service that stores a digital asset on your behalf for which you can send and receive transactions from it, yet cannot access the private keys.
This differs from a non-custodial service in which the service or client that stores the digital asset cannot access the keys, but provides a service from which users can send and receive transactions.