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Questions tagged [using wallets]

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Riccardo Riccardo Mon Oct 28 2024 | 7 answers 1322

What is the primary risk of using custodial wallets?

I'm concerned about the safety of my digital assets and want to understand the main risk associated with using custodial wallets. What is the primary risk I should be aware of?

What is the primary risk of using custodial wallets?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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