What custody describes
Custody concerns who controls the ability to move assets. An account with a service and a wallet whose keys you control can expose you to different risks. Neither a familiar interface nor a visible balance answers every custody question.
Practical questions to ask
Before using a product, understand who holds the keys, what the service does during a transaction, and how a receiving wallet is specified. Read its terms and supported network information.
This original summary does not investigate or establish the outcome of any individual custody dispute discussed by a publisher.
Keep control of sensitive information
A receiving address can be supplied to an exchange. A recovery phrase should not be. The local wallet-safety guides explain that distinction and provide a short review checklist.
Key takeaways
- Holding an account balance differs from holding keys.
- Self-custody brings responsibility for recovery.
- A demo order is not a blockchain transaction.
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