When it deals and relate to the cryptocurrency ecosystem, we all should knows that ensuring that your cryptocurrency token or asset is safe is something very important. It won't be meaningful seeing that you are loosing money almost all the time. Without much discussion, we all knows that the moment you are into the cryptocurrency ecosystem, you should knows that making use of any exchange is not that bad but you should knows that leaving your asset there is kind of risky. One thing that you should ensure you hold on to when it comes to the cryptocurrency ecosystem is knowing fully well that not your cryptocurrency keys, definitely not your cryptocurrency. What I mean by that is that once you don't have full access to that your account, there is every tendency that you won't be able to do anything to your fund once there is an issue. This is why it is advisable for you to make sure that in whatsoever thing that you are doing in the cryptocurrency ecosystem, you should make sure that you have access to your cryptocurrency fund. It will aid you in a lot of ways.
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When it comes to the cryptocurrency ecosystem we have seen and heard news about how people wallet have been compromised, another one that curses stir is seeing centralized exchanges getting hacked with people's fund getting stolen. This has caused a big issue with trusting the centralized exchange. Mind you, the message that I am trying to pass out here is that irrespective of whatsoever thing that we are doing, making sure that our cryptocurrency token is save is something that we needed to hold down to deep down no matter what. I have been a major player and agitator for the need for us to ensure that we are safe when doing anything in the cryptocurrency ecosystem. If you take a closer look at things you will see that those people out there who are telling you that you should take drastic decisions when it comes to your cryptocurrency ecosystem are doing so base on the experience that they have gotten in the cryptocurrency ecosystem. Many will go out to tell you that their wallet have been hacked and they have learnt the hard way, this is the main reason why they are begging those who haven't experienced such state to ensure that they take safety of their cryptocurrency fund very serious. You should treat it as if your life depends on it.
At this stage and point in time, I believe we must have understood what the Non Custodial wallet and Custodial wallet is. Knowing that will also help to impact or push this post positively. Well, for the benefit of those who will come across this post let me do a rush in on what is the difference between a Custodial wallet and Non Custodial wallet. By custodial wallet it means that you don't have access to the wallet phrase which is the private keys of such account. We all knows that once we don't have access to the phrase it shows that we don't own such account. Centralized exchanges like Binance, Huobi, Mexc, Okx etc are all popular examples of a centralized exchange and a custodial wallet to be precise. As per the Non Custodial wallet, it is simply the opposite of a custodial wallet, it simply means you have custody of your asset. By saying you have custody, it means that you have the sole right over all your tokens. This is holding to the fact that you the private keys of such wallet. Popular examples of a decentralized exchange is your Uniswap, Curve, Pancakeswap, Sushiswap etc. As per non Custodial wallet, wallet like Metamask wallet, Trust wallet, Imtoken wallet, Token pocket wallet are all popular examples of a non Custodial wallet.
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Moving fund from your centralized exchange to a Non Custodial wallet is very simple. Let us use Binance as a case study. All you have to do is to make sure that you already knows the asset that you want to withdraw. Take for instance that you want to withdraw Usdt (Tether). All you have to do is to click on wallet, after doing that click on withdraw. Now select the token you want to withdraw which is Usdt (Tether). On this part, when the page opens, make sure that you input the non Custodial wallet address that you want to withdraw the token to. Select the network, amount and send. That is all that is required of you to do if you wants to move your fund from a centralized exchange to a Non custodial wallet.
I will end the post here, have a nice day.