Cryptocurrency Q&A Who are custodians in crypto?

Who are custodians in crypto?

Michele Michele Sun Nov 10 2024 | 7 answers 1751
I'm trying to understand the role of custodians in the cryptocurrency field. Who are these custodians, and what responsibilities do they have in managing and securing digital assets? Who are custodians in crypto?

7 answers

ZenHarmony ZenHarmony Tue Nov 12 2024
A crypto custodian plays a crucial role in the management of digital assets.

Was this helpful?

295
74
Bianca Bianca Tue Nov 12 2024
This organization is responsible for controlling access to cryptocurrency wallets.

Was this helpful?

141
56
Valentina Valentina Tue Nov 12 2024
If an individual does not opt for self-custody, they rely on a custodian to safeguard their assets.

Was this helpful?

244
88
Giulia Giulia Mon Nov 11 2024
Typically, the custodian can be the platform where the crypto was purchased.

Was this helpful?

330
67
DigitalDynastyQueen DigitalDynastyQueen Mon Nov 11 2024
Alternatively, the platform might use a third-party custodian for this purpose.

Was this helpful?

181
77
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts