Seymour, Tony;
Goodell, Geoff;
(2024)
Custodial and Non-Custodial Wallets.
ArXiv: Ithaca, NY, USA.
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Abstract
Non-custodial wallets are a type of cryptocurrency wallet wherein the owner has full control over the private keys and is solely responsible for managing and securing the digital assets that it contains. Unlike custodial wallets, which are managed by third parties, such as exchanges, non-custodial wallets ensure that funds are controlled exclusively by the end user. We characterise the difference between custodial and non-custodial wallets and examine their key features and related risks.
| Type: | Working / discussion paper |
|---|---|
| Title: | Custodial and Non-Custodial Wallets |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | https://doi.org/10.48550/arXiv.2409.15389 |
| Language: | English |
| Additional information: | This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions. |
| Keywords: | digital wallet, non-custodial wallet, digital assets, digital tokens |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > Dept of Computer Science |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10200377 |
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