BlockchainEmpiress
Wed Jul 03 2024
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7 answers
1507
What is a personally managed bitcoin wallet?
Could you please elaborate on what a personally managed Bitcoin wallet entails? I'm interested in understanding how this differs from wallets managed by third-party services. Does it involve higher levels of security? What are the key responsibilities of someone managing their own wallet? Are there any specific technical requirements or knowledge needed to effectively manage a personal bitcoin wallet? And lastly, what are some of the benefits and risks associated with this type of wallet?
