π xRocket security β custodial and non-custodial wallets
GMGM!
There's a myth that custodial wallets are less secure than non-custodial ones. However, everything depends on the reliability of the platform and the security technologies used. Today we'll examine the difference between wallet types and explain why storing assets in xRocket is safe.
π Custodial wallets ensure the security of private keys through specialized software and hardware systems. xRocket, like other CEXs, uses this approach.
Features of xRocket custodial wallet:
β’ Convenient use of funds across all xRocket services without needing to store seed phrases;
β’ Instant access to trading and other platform functions;
β’ High level of security;
β’ Access fund recovery through our support.
π A non-custodial wallet is a storage type where users keep their own seed phrase and have complete control over their assets. The responsibility for their safekeeping falls entirely on them.
xRocket offers the best of both types: the security of custodial storage with the option to connect an external non-custodial wallet for recovery purposes. This provides additional protection β even if your Telegram account gets blocked, you can still access your funds through the connected wallet.
π Custodial wallet doesn't mean less secure β xRocket provides reliable storage and convenient access to your assets.
Store cryptocurrency safely in xRocket
π Good luck!
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