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Disclaimer: The information contained in or provided from or through this website is not intended to be and does not constitute investment, financial advice, trading advice, or any other type of advice.In no event will EURK or its affiliates, or any of its or their respective service providers, be liable to you or any third party for any use, interruption, delay or inability to use the software, lost revenues or profits, delays, interruption or loss of services, business or goodwill, loss or corruption of data, loss resulting from system or system service failure, malfunction or shutdown, failure to accurately transfer, read or transmit information, failure to update or provide correct information, system incompatibility or provision of incorrect compatibility information or breaches in system security, or for any consequential, incidental, indirect, exemplary, special or punitive damages, whether arising out of or in connection with this text, breach of contract, tort (including negligence) or otherwise, regardless of whether such damages were foreseeable and whether or not we were advised of the possibility of such damages.
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EURK Pilot Test Smart Contract is unavailable for security reasons as of 2nd of April. Therefore, EURK will not be available for buying, selling, and exchanging until further notice.
The problem is being resolved by our team of technicians.
We sincerely apologize for the inconvenience caused.
For assistance and/or to report any incident, please contact our dedicated support team at [email protected]
Please stay tuned and await further updates.
EURK Team
If you've invested in cryptocurrencies, you've likely wondered how to safely store your crypto assets. In the complex crypto economy, crypto custody solutions have emerged as an important service for protecting cryptocurrency holdings.
Crypto custody means keeping private keys safely in a wallet that is not connected to a crypto exchange. This keeps crypto assets safe and lets you control the risks as well.
Join us in this guide as we explore the ins and outs of crypto custody, explaining what it is, how it works, the benefits it provides, and the different types of crypto custody options available. By the end, you'll have a solid understanding of this crucial aspect of the cryptocurrency landscape. Let’s start!
Most crypto custodians employ a "cold storage" system to hold the vast majority of clients' funds offline in securely-air-gapped, encrypted hardware wallets.
A small "hot wallet" holds just enough funds to facilitate deposits and withdrawals. Multi-signature security, which requires more than one private key, helps protect against theft. Assets are also frequently distributed across multiple geographic locations, so no single point of failure exists.
Custodians additionally conduct regular security audits and maintain insurance against hacks or losses. Top custodians focus heavily on compliance and meeting evolving regulations. Their goal is to provide ultra-secure, insured protection for crypto holdings that rivals traditional custodial services.
As the name suggests, self-custody means taking full control of private keys and being solely responsible for their security. This provides maximum autonomy but requires technical knowledge and diligent key management. Tools like hardware wallets are popular for self-custody.
Professional custodians securely store private keys on behalf of customers. They range from big institutions like Cryptobunq to smaller, specialized outfits. Pricing structures vary but are usually based on the balance held. Insurance is also commonly offered.
Holding crypto on crypto exchanges involves ceding control to their custody solutions. While convenient, funds are fully dependent on exchange security and robust operational procedures.
By using a reputable third-party crypto custodian, individuals and businesses gain important benefits over self-custody:
Institutional-grade encryption, multi-signature security, geographic redundancy, and regular audits provide security far beyond most individuals' abilities.
Major crypto custodians insure client assets against hacks or losses, providing the peace of mind traditional finance provides.
Top custodians diligently comply with evolving rules to give their services legitimacy for serious investors and companies.
Custodians handle stressful key and crypto wallet management tasks, freeing clients to focus on their crypto investments.
Crypto custody enables involvement in opportunities normally restricted to big players, like ICO participation and crypto staking and yielding rewards.
While certain regulated institutions already offer crypto custody, the process differs greatly from traditional asset holding. Keys in crypto are essentially digital passwords, and extra steps exist to secure them from online theft or compromise.
Vaults can physically store traditional assets without the risk of remote access. Still, crypto custody aims for the same secure, regulated environment users expect from familiar banks and custodians when it comes to savings and investments.
While third-party custody offers the most benefits, self-custody remains an option. The basics are:
MetaMask is a popular crypto wallet available as a browser extension or app. While it allows users to retain custody of their private keys, it also comes with some caveats:
MetaMask is non-custodial as long as your computer security remains uncompromised. But hardware wallets provide an additional layer of physical key isolation for maximum security when self-custodying large balances.
If you want to learn more about how to store your assets on MetaMask, make sure to check out “How to add EURK to your MetaMask?”. EURK is a euro stablecoin that is 1:1 pegged to euro currency and has reserves in Swiss banks.
Therefore, EURK is a great example of a reliable stablecoin to show how to store it securely on a crypto wallet. You can also check out the guide “How to Secure Your Crypto Assets?” for more strategies.
In layman's terms, third-party custody simply means the safekeeping of assets by a trusted outside party, versus self-custody, in which you are responsible for your assets. Crypto custody then denotes third-party storage of digital currencies and tokens specifically.
Third-party custody involves any assets (real estate, securities, gold, etc.), while crypto custody focuses solely on cryptocurrencies.
Crypto custody manages private keys, digital wallets, and confirmation of crypto reserves on blockchains rather than physical assets.
Crypto remains less regulated than traditional holdings, requiring tailored security, insurance, and compliance from qualified providers to secure stablecoins like EURK.
Blockchain protocols for transacting and verifying ownership of P2P digital assets differ from traditional finance systems.
Crypto custody provides the same custodial service, just for the novel technological asset class of cryptocurrencies, through specialized expertise upheld to high standards like those followed by EURK euro stablecoin issuers. Both safely maintain total ownership for customers.
With the maturing crypto economy increasingly making crypto custody a necessity, we can expect greater standardization, oversight, and innovation across solutions in the near future.
Early-growing pains will continue to smooth out as prudent companies help strengthen protections. For most users, expert custody will become the prudent choice over self-reliance due to the risks and responsibilities involved.
Designing frameworks to make digital wealth as secure, accessible, and trusted as physical assets is crucial for the future of cryptocurrency. Therefore, using secure digital assets is just as important. EURK is a secure stablecoin that you can trust in this regard.
As the best euro stablecoin and secure euro stablecoin platform, EURK provides robust security, transparency, stability, and liquidity to its users. You can easily store your EURK assets on a compatible euro stablecoin wallet and manage them easily.
You can follow the current status of EURK on CoinGecko or buy EURK directly from secure crypto exchanges such as KoinBX and Coinstore. Become a partner and explore stability, security, and efficiency with EUR stablecoin EURK!
