What Are Custodial & Non-Custodial #Crypto Wallets? 

Which one is the best for you? 

Let's find out in this short Twitter 🧵

#Bitcoin #Ethereum

1/🧵 The custodial wallet is a service where the service provider manages the private keys of your funds. 

For ex: #Coinbase Exchange Wallet is a custodial wallet. Company owns the keys to your funds while you have a login id and password for your account to access those.

2/🧵 Custodial Wallet PROS:

- Convenient
- User Friendly
- Trader Friendly
- Customer Support
- Account Recovery

CONS:

- Not Your Keys, Not You Crypto
- KYC
- No Offline Access
- Prone To Hacking
- Prone To Data Breach
- Prone To Bankruptcy.  LOL @ Coinbase!

3/🧵 All exchange wallets are custodial wallets. Exchanges may provide different services, perks, security levels &  insurance for retail/institutional investors. 

With custodial wallets, Users are at risk of losing access to their holdings if.. 

.. the company providing the service ever went bankrupt or hacked or burned, you are fucked!

Recently @coinbase sparked some controversy over this disclosure that was included in the company's first-quarter earnings report. 

Coinbase CEO @brian_armstrong went ahead and explained why customers are protected in case of a 'black swan' event like 'bankruptcy' which is highly unlikely according to him. 

He said this when the quarterly earnings are at $430m LOSS! 

https://twitter.com/brian_armstrong/status/1524233480040710144

4/ 🧵 Non-Custodial Wallet or Self-Custody Wallet gives the power in the hands of its users. You are responsible for your own keys and security. 
 
For ex: Metamask & cold wallets like Ledger. They let you interact with BC to access funds with your password &  seedphrase!

5/🧵 Non-Custodial Wallet PROS:

- Self Custody
- More Security
- Full Control Over Funds
- No CEX Fees
- Can Access Offline
- No KYC

CONS:

- Technical
- More Responsibility
- Lose Your Keys, Lose Your Funds
- No Support
- Bad UX/UI

6/🧵 Which one is better?

It all comes down to security! Most peeps in crypto use them both in combo

- Custodial Wallets: If you are a trader or a complete newbie with little to no experience of crypto.
- Non-Custodial Wallets: If you want more security to protect your wealth.

7/🧵 If you want maximum security then go for cold wallets like @ledger or @trezor

Your hardware wallet guide by the #DeFi OG @thedefiedge:  https://mobile.twitter.com/thedefiedge/status/1504127642106150925

8/🧵Hot vs Cold Wallet 

https://leofinance.io/@finguru/hot-wallet-vs-cold-wallet-which-one-is-better-and-why  

-- The End --

If you want to read the blog version of this 🧵, please check it out on Web3 Social Media @FinanceLeo: 

https://leofinance.io/@finguru/custodial-vs-non-custodial-crypto-wallets

#HIVE #CustodialWallet

Custodial vs Non-Custodial Crypto Wallets

Dear #Terra Community,

1/ This is an open invitation to you. Are you looking for a new home to build? Allow me to me tell you why #HIVE /@hiveblocks is an alpha BC for you alphas to get going once again. Investors, Developers, Content Creators & Gamers, all are welcome :)




2/ Before I dig in deeper, please note that Hive is a DPoS Blockahin that has 3 major USPs:



- Fast: 3second transaction time
- Feeless: Yes, ZERO fees
- Social Media: Built-in



@Splinterlands, the #1 blockchain game in the world powered by #Hive. FACTS!!!! 
 


3/ Half a million active users every month are doing millions of transactions every week. And it's not the only DApp we have. Check out the list of Hive DApps on @DappRadar:



https://dappradar.com/rankings/protocol/hive


&

https://hivedapps.com/




4/ In this thread, I will cover the following points:

- Why Hive Is Perfect For Developers, Investors, and Creators?
- Tokenized Communities
- Intro To Hive DApps
- Why $HBD (Hive Backed Dollar) Is A Better Stablecoin Than $UST? 
- How To Get Started With Hive

Let's start!

5/ HIVE was created after forking out from STEEM in 2020 after @justinsuntron did a hostile takeover. The majority of the STEEM community found their new home on Hive. So we understand what you guys are going through right now.

Read about the takeover: https://hackernoon.com/inside-trons-steem-takeover-attempt-and-the-birth-of-the-hive-blockchain-ya1g63249

6/ HIVE is fully owned and run by the community. We have no CEO, no registered office or a single point of failure like you had in the form of Do & LFG.

Checkout the Hive History Map: 

7/ If you are a DEVELOPER, creating a hook for your product is important. With Hive, you can provide a great UX that would make them come back again & again. Launch your DAPP with minimum investments & get exposure to thousands of active users of #Hive Community.


Checkout Hive Developer Portal To Know More: https://developers.hive.io/

In case you need funding, you can make a proposal for a project if you have an amazing idea to get seed money from DHF. Decentralized Hive Fund is a built-in DAO to support the development of the ecosystem. 

Check out the ongoing proposals: 

https://peakd.com/me/proposals

There is also a tokenized community - HiveDevs where you can publish content to earn crypto & interact with other talented developers in the ecosystem. We have some of the brilliant minds in the space having tons of experience across various domains. 

https://peakd.com/c/hive-139531/trending

8/ If you are an INVESTOR, Hive has a plethora of opportunities to grow your wealth. It doesn't matter how much money you have, anyone can start with near-zero investment. 

- Post To Earn
- Play To Earn
- Move To Earn
- Tokenized Communities
- DeFi
- NFTs

NOTE: ZERO TXN FEE!

PROOF OF BRAIN

You can also stake HIVE as HIVE Power (HP) to take part in governance and get a share of the rewards pool whenever you upvote someone's content published on Hive BC. These are called curation rewards. HP increases automatically with 3% APR currently.

$HBD SAVINGS

$HBD is giving out 20% APR for staking it onchain wallet and it is not dynamic like it was with $UST on @anchor_protocol.  

9/ If you are a CONTENT CREATOR then you must know that Hive has social media elements built-in that provide the following luxuries: 

- Content Monetization From Day 1
- Censorship Resistance
- Content Ownership

Hive allows users to monetize their content and activity on the blockchain. You can basically post to earn. And earn not only $HIVE but many tokens built on Hive BC. Users can distribute upvotes i.e tokens based on their Hive Stake. 

The power of Decentralized Social Media!

10/ Tokenized Communities is a feature that no other BC has provided yet.

- Social & Economic Incentives
- Freedom
- Easy Creation & Management
- Wallet/Exchanges To Support Economy

An entirely new & permissionless way to monetize content and activity!

11/ Intro To Hive Dapps

Social Media:
@PeakDcom - Blogging
@ecency_official - Blogging
hive(.)blog - Blogging
@LiketuOfficial - Photosharing
@3speakonline - Videosharing
@dbuzzAPP - Microblogging
@inji_com - Crypto,DeFi, NFT Blogging
@FinanceLeo - Finance, Crypto Blogging

@SportsTalkHive - Sports Blogging
@realSTEMsocial - STEM Blogging

Move To Earn:
@Actifit_fitness - Earn Crypto For Physical Activity

P2E Games:
@splinterlands - Trading Card, PvP Battle
@rabona_io - Soccer Manager
Dcity(.)io - City Simulation
Rising Star (@AtomCollector) - Music
@ExodeGame - Space Exploration
@psyberxofficial - FPS TPS
@d_crops - Farming

NFT:
@NftShowroom - Marketplace
@NFTMart - Marketplace
@hivepunks - NFT Collection
hive(.)blog/@hivefolks - NFT Collection

This is just a tiny list. There are many more apps. The ecosystem is growing every day! 

https://hivedapps.com/

12/ Let's talk about why $HBD is a better stablecoin than $UST. HBD (precursor $SBD) is Battle-tested and outlasted for more than 6 years. It is truly decentralized and has several use cases. 

It has the following defenses in place to avoid infinite death spirals:

- Haircut Rule: Debt limit controls the HBD supply preventing Hive Inflation
- 3.5 days conversion delay preventing price oracle risks
- Incentivized internal DEX providing instant liquidity

Info Credits: @Dalz19631657

Detailed Explanation on $HBD Defenses: https://leofinance.io/@taskmaster4450/hbd-defenses-how-hbd-is-different-from-ust

It has survived more than 5 crypto cycles which goes to say a lot about it. 

13/ If you are convinced why #HIVE is a perfect place for you, it's time for you to get started. To do anything, you need to create a Hive account username which is also your wallet address. Yes, we have human-readable addresses, unlike other chains. Checkout these links:


Signup On Hive: https://signup.hive.io/
Official Website: https://hive.io/
Official Twitter: @hiveblocks
Official Whitepaper: https://hive.io/whitepaper.pdf
Hive Beginner's Guide 1: https://jryze.me/hive/
BG 2: https://leofinance.io/@crypto-guides/what-is-hive-crypto-hive
Video Guide: https://youtu.be/1ytaXd28gms

We welcome all talented #LUNATics to #HIVE with open arms. 1 thread isn't enough to explain what great things we are building here. Join us to find out.

If you want help in getting started, please DM me here or any of the Hive Community members you find in the comment section. 

I am not a dev or a technical person. Just a crypto (& #HIVE) fanboy doing my thing to help people! 

#WAGMI

[fin.]

Why Hive Blockchain Is The Best In The Business?

Are you a professional crypto content writer? Do you create content like blogs, articles, graphics, or videos for your clients?

Read this thread (1/🧵) to know how you can earn crypto for creating Crypto-related content! 

Fire your clients today. Maybe not today, but soon ™

(2/🧵) Checkout: https://leofinance.io/ 

LeoFinance (@FinanceLeo) is a decentralized social media platform built on #Hive Blockchain (@hiveblocks)

You can get paid for creating, upvoting, and interacting with 'crypto' &amp; 'finance' related media.

(3/🧵) Hive (@hiveblocks) is a fast &amp; feeless blockchain that is censorship-resistant. Your content is your own and immutable. 

It is the home of the number one #NFT #PlayToEarn game in the world - @Splinterlands.

(4/🧵) If you publish on LeoFinance, you get the chance to earn $HIVE, $LEO &amp; several other tokens with one single post. Monetization from day one! 🚀

 Currently, $HIVE is at $0.82 and $LEO is at $0.2

(5/🧵)You can build your influence on the platform by powering up your Hive &amp; Leo Tokens. This will increase your vote value and you can earn more rewards for curating content. Suddenly you are a stakeholder in the ecosystem who is getting paid for supporting great content.

(6/🧵) On WEB 2 social media, corps make huge sums of money while a few content creators with large followings are rewarded in pennies. 

LeoFinance is your gateway to WEB 3. Create content. Add value.  Earn Crypto!

Moreover, you can learn from others and collaborate with them.

(7/🧵)  I have been personally publishing and curating content from the past one year.  Check out my profile (LINK in BIO) to see the progress I have made. Learned about many great opportunities in DeFi and NFT gaming space as well. My knowledge and bags have grown 10x.

(8/🧵)#SocialFi is going to be one of the biggest trends in 2022. We don't have many good platforms out there. Hive is a plethora of such applications because the social element is built-in. That is a unique prop that no other blockchain is offering. Don't miss out!

(9/🧵)

Hive - https://hive.io/
Leo Finance - https://leofinance.io/

Sign up today &amp; change your life! 

Welcome to Web 3.0.

Custodial vs Non-Custodial Crypto Wallets

Why Hive Blockchain Is The Best In The Business?

How To Earn Crypto For Creating Crypto-Related Content