The Difference Between a Custodial and a Non Custodia Wallet

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

With a custodial wallet, it's centralized and your funds are basically shared with joint custody between you and the exchange. Whereas with the non costodial wallet, those funds are completely yours. You have access to the private key, so if anything were to go wrong with the exchange, you can always withdraw your funds.

Welcome back, this week Lucas and Anita discuss the continued fallout from the broader market crash and how life is going for crypto giants on the public markets. We chat about FTX’s 30-year-old billionaire CEO buying up a big chunk of Robinhood, which is pumping the gas on crypto even as the market cools. We also discuss trouble at Coinbase and the continued fallout from the collapse of Terra.

In their interview this week, Lucas and Anita chat with Mercedes Bent. Bent is a venture capitalist at Lightspeed Venture Partners where she places bets on consumer products in cryptoland. Before joining Lightspeed, Bent spent some time in the VR world, so we picked her brain on where crypto fits into this metaverse future everyone is clamoring about.

Helpful links:
https://techcrunch.com/2022/05/17/robinhood-lets-users-manage-their-own-crypto-wallets-in-push-to-spur-trading/

https://techcrunch.com/2022/05/17/coinbase-backtracks-hiring-plans-crypto-market-turmoil/

https://techcrunch.com/2022/05/17/encode-club-is-minting-new-web3-developers-amid-crypto-talent-war/

Subscribe to the Chain Reaction newsletter to dive deeper: https://techcrunch.com/newsletters

Chain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.