Non-custodial crypto exchanges are the preferred trading option for many investors. You will find out why these platforms are better than their custodial counterparts in this article.
Cryptocurrency has a short history. Nonetheless, it is full of strange twists. For example, according to CipherTrace, a cryptocurrency intelligence agency, more than $1 billion worth of Cryptocurrencies have been stolen from wallets during this short period. Reportedly, Binance, a popular custodial crypto exchange was hacked with 7000 BTC carted away!
Indeed, the company promised to compensate those affected. However, the incident should serve as a lesson to other investors in the market. Unlike custodial platforms, non-custodial exchanges enable the users to be in charge of securing their funds in their personal wallets. These platforms offer you total control over your funds.
Choosing a non-custodial crypto exchange over a custodial platform offers the following benefits:
An example of a fast, easy to use non-custodial exchnage is ExchangeFast. This platform lives up to its brand name. It is indeed fast when it comes to trading cryptocurrencies. The entire process is seamless and the platform is designed to help users complete transactions in the simplest possible way.
