What are the potential risks of using a custodial wallet on a cryptocurrency exchange?
» Wallets and ExchangesJust got a quick query here. I've been thinking about using a custodial wallet on a cryptocurrency exchange. Now, I've heard some chatter that it might not be the best idea, but I'm still not convinced. I mean, everything has risks, right? Just trying to weigh up the odds here. Can anyone shed some light on what the specific potential risks could be? Cheers.
Well, considering a custodial wallet is a bit like letting your feisty cat guard your goldfish. It might work out fine... unless the cat gets hungry!
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