Types of wallets and why you should use a trust wallet

in #btc4 years ago

Wallets are basically where your crypto currencies are stored as you already know, but there's more to it, lots of mathematics and codes before your wallet becomes what it is, but fear not, I'm only going to talk about custodial and trust/non-custodial wallets in this article.
Custodial wallets are wallets where third parties keep and maintain control over your crypto currencies on your behalf, which means your coins are in their hands which means if the company folds up one day or they get hacked, your crypto is gone for good. Though these things rarely happen but why risk it?
To avoid this unecessarily risk is why we have trust wallets, by using a trust wallet you trust no external party but only yourself to ensure that your coins are safe, but it also means you must safeguard your credentials as well as you can, because if you lose it your crypto is gone for good.
A trust wallet gives you access to your coins, it's like a bridge that connects you to your coin which is directly on the blockchain itself, which is as safe as a coin can be unless you're going to carry it in a ledger. So it all comes down to who you're going to trust your crypto with, a third party app or yourself? I guess it's up to you, but I'll trust myself if I were you.
I'm sure this article has sparked some interest in you to use a trust wallet, well I've got good news, binance uses series of trust wallets that store your coins on the ethereum blockchain (ERC), Tron blockchain (TRC) etc. So if I were you I'll open a binance account real quick. Here's your chance
https://www.binance.com/en/register?ref=47746482
And if you already have a binance account but you've not really put in any crypto, you should really reconsider that if you really want your coins safe. Click here to buy crypto asap http://www.binance.com/en/buy-sell-crypto?channel=wallet&fiat=NGN/47746482

Have a nice day
Binance Africa

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