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What is custodial staking?

Updated · 28 February 2024 · 10:43 AM

Custodial staking in crypto involves entrusting a third-party service or platform such as Cryptology with the responsibility of securely holding and managing your cryptocurrency while actively participating in a blockchain's staking process to earn rewards. It is a popular choice for those new to blockchain technology because the third-party handles everything including the setup.

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Authorized to provide virtual currency exchange and custody services under the supervision of Lithuanian Financial Crimes Investigation Service (FCIS).