Centralized Exchanges

Centralized Exchanges V. Non-Custodial Wallets​

For years the status-quo perpetuated a dangerous misconception:

There are only 2 ways to store crypto. This false dichotomy is why so many potential crypto-enthusiasts haven’t started to get involved in the ecosystem.

Option 1 : Exchange

Custody crypto assets in a centralized exchange, giving up your freedom, control, and on-chain access in return for relative security, simplicity, and comfort knowing someone else will worry about secure crypto storage. ​

Option 2 : Self-Custody With Private Keys

Use an on-chain crypto wallet with private keys, rendering assets vulnerable to scammers, hacks, lost or misplaced keys – but knowing you have ultimate control over your crypto: to store, HODL, or lose​.

There’s actually a better way: A hybrid solution in the form of a type of cryptography called MPC, or multi-party computation.​