Explains Difference between its Non-Custodial and Trading Digital Asset Wallets

The team at UK-based, a leading crypto wallet, trading platform, and block explorer service, notes that as the crypto community grows and digital currency adoption also gains speed, educational resources like the ones prepared by 99 Bitcoins will be “key to help usher in the next wave of crypto enthusiasts.”

While sharing recent updates, the team noted that their Wallet is their “flagship” feature. It’s currently available as a mobile app on both Android and iOS. There’s also a web wallet that’s available through an Internet browser.

As noted by, their non-custodial wallet “remains completely under the user’s control and ownership, with nobody else able to access the funds.” As explained by the company, the non-custodial wallet is “completely open-source, meaning that anyone can review the code to ensure that it is legitimate and secure.”

According to, their non-custodial wallet has been designed to be “nice” and “basic,” so that it’s easy for people to receive, send and store various cryptocurrencies in a safe and secure manner.

The team also noted in their blog post that they provide a custodial “trading” wallet, which “IS custodial,” the company emphasized while adding that “unlike the main wallet, all funds held in the trading wallet are in the custody of”

According to the company:

“The advantage of this is that transactions can be made off-chain, without involving the slow waiting times and high transaction costs associated with on-chain movement. You can think of the trading wallet like a regular cryptocurrency exchange account — great for trading, but not so secure for storage.”

The trading wallet also comes with fiat support including USD, GBP, and EUR cash wallets, which lets users make depositits or perform withdraws in fiat currency.

As noted by the company, the home screen of the Wallet lets users keep track of their wallet balance for each supported asset. They can also keep track of the recent crypto price changes. Clicking on any asset will “load a price chart which can be toggled to display price history for the day, week, month, year, or all-time,” the blog update explained.

Users are able to purchase crypto in-app through their bank card or a bank transfer. Users in supported US states can also use instant ACH transfers. Additionally, there’s the option to sell crypto and withdraw fiat to your bank account via the Exchange.

The company clarified:

“The buy and sell features (including the Exchange) are only available to users who are “gold” verified, which means you’ll have to confirm your identity with the company first. It should also be noted that funds purchased through this feature go into your custodial “trading” wallet by default — so if you want to keep these funds secure and don’t need to trade them, make sure you move them over to the non-custodial main wallet.” users are able to “instantly swap” their crypto for other supported cryptos (including Bitcoin, Ethereum, Bitcoin Cash, Stellar, Tether, USD Digital and Wrapped DGLD).

Swaps may be carried out via the non-custodial main wallet or the custodial “trading” wallet. This feature is offered to verified users from 230 different countries.

As mentioned in the blog by

“A crypto interest account feature is also available to those users who are “gold” verified. These users can deposit any of the supported cryptocurrencies into an interest-earning account, which will automatically begin generating interest at a compound interest rate.”

Six digital currencies are supported for this particular feature, with minimum deposit requirements as follows:

  • Bitcoin ($300 minimum)
  • Ether ($100 minimum)
  • USD Digital ($100 minimum)
  • Tether ($100 minimum)
  • Bitcoin Cash ($1 minimum)
  • Stellar Lumens ($1 minimum)

As noted by the company, funds placed into an interest-bearing account in the will “no longer be handled non-custodially, as they are lent to institutional or “sophisticated” borrowers at interest.” Interest is earned on a daily based, however, it’s paid “at the beginning of every month” and “no fees are charged for these accounts,” the company added.

The crypto firm also noted:

“ has its very own exchange on its website, which is also accessible via a link in the app. This uses your mobile browser rather than supporting it natively, so it’s technically not a built-in exchange as you’d see in some other wallets. On the other hand, the Exchange links directly to your trading wallet, which is nice and convenient for managing your funds.”

The company also mentioned:

“A range of trading pairs are available, but are somewhat fragmented due to each crypto asset having multiple markets with multiple fiat currencies (or the USDT stablecoin). This has a slightly negative impact on liquidity. The Exchange has a nice selection of order types available, however, including market, limit and stop-limit order options.”’s Explorer is a handy tool which lets users navigate the Bitcoin, Ethereum, and Bitcoin Cash blockchains so they can check on balances and transactions. Users are able to toggle between these different blockchain networks using easy-to-navigate menus.

The Explorer page also comes with a “charts” page, which has “a range of insightful statistics presented in an easy-to-view form,” the company noted while adding that this includes charts for “everything from Bitcoin supply to average block size, hash rate and more.”

The Wallet supports eleven major digital currencies: Bitcoin (BTC); Ethereum (ETH); Bitcoin Cash (BCH); Stellar (XLM); Wrapped-DGLD (wDGLD); Algorand (ALGO); USD Digital (USD-D), previously called USD PAX; Tether (USDT); Aave (AAVE); Polkadot (DOT); Yearn Finance (YFI). The trading wallet also has fiat support for: USD, GBP, EUR.

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