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Are noncustodial crypto wallets a practical option for the everyday hodler?

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cointelegraph.com

As crypto ownership becomes more and more common, holders will need to think about how they protect and hold their assets. The safest option is storing cryptocurrency in a personal wallet.

Crypto wallets are programs that allow users to store, send and receive cryptocurrency. Each wallet has a private key that allows the wallet to be spent.

Private keys are cryptographic strings of code that allow owners to spend the funds inside a wallet, as well as prove ownership.

Wallet information is also stored offline, reducing the risk of a hacking attempt. Everyday non-technical crypto users can benefit from the increased security, but it may come at the cost of convenience, depending on their needs.

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