Hello All Tron Fan Club Member's Hopefully all is well and well by the infinite mercy of the Creator. At the same time you are having a good time with your loved ones. I am also good Alhamdulillah. Today I have come up with a content with you. Today I am with you What is a non-custodial wallet and what are its advantages and disadvantages? Let's talk about that in detail. I hope you like it. Yesterday I discussed in detail about Custodial Wallet. If you want you can take a look at my yesterday's post.

Yesterday I discussed in my post Wallet can usually be divided into two parts. One is a custodial wallet and the other is a non-custodial wallet. There are advantages and disadvantages to having two wallets. Since yesterday I discussed in detail about Custodial Wallet, today I am discussing about Non Custodial Wallet.

source

What is non custodial wallet

Non Custodian Wallet is a service where you can control your account. Third parties will not control your account here. This means that here you can use your keys to do all the work of your wallet. This means that the non-custodial wallet gives you the responsibility to keep track of your personal keys. Which allows you to access your cryptocurrency funds. It is like its own bank in simple words. Whose control is over you. However, since the keys are personal, the keys must be stored carefully.

The advantage of non custodial wallet

• One of the advantages of this wallet is that it has personal keys. And using this wallet is to approve the personal key used for the transaction. This key allows you to access the money in your wallet.

• This wallet is much safer. This wallet is less likely to be hacked. Because here is your personal key. Moreover, there is no third party problem. As a result, there is less risk of breach or hacking.

• The non-custodial wallet can be accessed via the Internet and can be accessed without an Internet connection. This allows you to manage your funds anywhere and anytime. Which is one of the advantages of non-custodial wallet.

Disadvantage of non custodial wallet

Since the credit for this wallet belongs to us, that is, we control this wallet. So if something goes wrong here we have to stick to the consequences. Because there is no customer service to back up from here. In fact, it is unlikely that this mistake will be reversed. Moreover, there is another problem if you lose your keys. Then you lost your wallet. You have to lose all the money in your wallet. So the private keys have to be stored in a safe place with great care.

Much Love And Best Wishes To All

I am Md. Kawsar Hasan. I am a Bangladeshi. I feel very comfortable to introduce myself as a Bangladeshi. An assistant teacher by profession. A writer intoxicated. So I feel very comfortable writing content on different topics. It’s great to know the unknown and learn something new. Love to travel.
Add Me On Facebook
Follow Me on Tweeter