Noncustodial Crypto Exchanges, Explained By Cointelegraph


Noncustodial Crypto Exchanges, Explained

Much like decentralized exchanges, users have full control of their private keys and are thus responsible for the transactions they make.

The onus is on a user to provide the correct address when making trades or conversions. Any trades made by a user won’t be reversible, a stark reminder that users must be fully responsible for every transaction. Therefore, one of the things to look out for are “clipboard jackers,” which is malicious software that automatically replaces a copied crypto wallet address and replaces it with that of the hacker. Subsequently, none of the funds will reach the original destination.

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