Most web-based crypto wallets are custodial wallets, and it’s very likely that the first time you purchase crypto, it will end up in a custodial crypto wallet. In this case, your custodian holds your keys and is tasked with securely storing your funds. While a custodial wallet may be considered less secure than a non-custodial wallet, many prefer them because they don’t require as much responsibility and are usually more convenient. Losing your password to a non-custodial wallet could be financially devastating if you do not take sufficient precautions. However, if you forget your account password you’ll likely be able to reset it. Q: What are Custodial Wallet? A: Are wallets in which the private keys are held by a third party. Knowledge provider：0xeddb693aaba0076ee0de3c822ae56d5c760e89b3 KNOW TO EARN is committed to building the world’s largest blockchain knowledge base and blockchain training academy. Through the interesting form of answering questions, more people can participate in the knowledge learning of the blockchain. You can see this knowledge now because there are a lot of people involved and contributing to the creation of blockchain knowledge. You can also be one of them and share up to 20% in bonuses. You dont need to spend any money, just use part of your spare time to participate in the creation of knowledge. Join our Telegram group to learn more. link: https://t.me/knowtoearn The content of Know to earn knowledge base is provided by users. If there is any infringement, please contact us to delete it as soon as possible. Original link：https://platonlife.com/blog/platon-wallet-what-is-a-custodian-wallet/