{"id":12322,"date":"2021-09-20T09:54:03","date_gmt":"2021-09-20T09:54:03","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/bitcoin-com-doubles-down-on-non-custodial-model\/"},"modified":"2021-09-20T09:54:03","modified_gmt":"2021-09-20T09:54:03","slug":"bitcoin-com-doubles-down-on-non-custodial-model","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/bitcoin-com-doubles-down-on-non-custodial-model\/","title":{"rendered":"Bitcoin.com Doubles Down on Non-Custodial Model"},"content":{"rendered":"

Bitcoin.com, in line with its<\/span> vision<\/span><\/a> to support \u2018economic freedom,\u2019 is refocusing its efforts on non-custodial, or \u2018self hosted,\u2019 crypto products, including exchange. Therefore, the<\/span> Bitcoin.com Wallet<\/span><\/a>, which is fully<\/span> non-custodial<\/span><\/a> and provides users with direct access to public blockchains like Bitcoin, Bitcoin Cash, and Ethereum will be the company\u2019s flagship product going forward.<\/span><\/p>\n

What\u2019s the non-custodial model?<\/h3>\n

When you take possession of your assets, it means there\u2019s no need to request approval from a middleman to send or receive <\/span>your<\/span> money, and no need to rely on third parties to hold your assets on your behalf.<\/span><\/p>\n

You also have full control over the fees you pay to miners and validators when sending crypto or interacting with <\/span>smart contracts<\/span><\/a> \u2013 and you are <\/span>able to<\/span> interact with smart contracts! That means (in the very near future via<\/span> Bitcoin.com) you\u2019ll have access to, for example,<\/span> decentralized finance<\/span><\/a> applications that enable you to earn passive income.<\/span><\/p>\n

What is \u2018economic freedom?\u2019<\/h3>\n

Bitcoin.com defines economic freedom as the ability for individuals to freely acquire and use personal resources however they choose, both independently and in cooperation with others. We assert that it is a vital component of human dignity and a fundamental human right.<\/span><\/p>\n

How can I take control of my crypto?<\/h3>\n

If you don\u2019t already have the<\/span> Bitcoin.com Wallet<\/span><\/a> app, the first step is to<\/span> install<\/span><\/a> it on your mobile device. Then, it\u2019s a simple matter of<\/span> sending<\/span><\/a> your cryptoassets from the centralized exchange to your self-hosted (non-custodial) wallets. Since you \u2013 and only you \u2013 will be in control, it\u2019s essential that you<\/span> back up your wallets<\/span><\/a> and keep on top of password-management best practices.<\/span><\/p>\n

Swapping, the non-custodial way<\/h3>\n

The<\/span> Bitcoin.com Wallet<\/span><\/a> empowers anyone in the world to connect to a range of swap providers and decentralized exchanges. To swap, for example, BTC<\/a> > ETH<\/a>, you just tap the swap button and follow the simple instructions. Behind the scenes, your cryptoassets will change hands on public blockchains and you\u2019ll end up holding the swapped funds in your wallet.<\/span><\/p>\n

\nCan I use the Bitcoin.com Wallet on desktop?
\n<\/h3>\n

Yes. The<\/span> Bitcoin.com<\/span><\/a> Wallet is a multi-platform application available on iOS, Android, and via web browsers at<\/span> app.bitcoin.com<\/span><\/a>. You\u2019ll just need to have the<\/span> Bitcoin.com Wallet<\/span><\/a> installed on your device and an account created. Then, go to<\/span> app.bitcoin.com<\/span><\/a>, sign in via Google or Apple, and your wallets will be automatically synced across devices.<\/span><\/p>\n

\nWhat\u2019s happening to Bitcoin.com\u2019s custodial exchange?
\n<\/h3>\n

Bitcoin.com Exchange has for years provided an important custodial trading experience \u2013 and the company recognizes that custodial exchange services continue to play an important role in the crypto economy. For now, however, Bitcoin is focusing on development of the<\/span> Bitcoin.com Wallet, which enables users to take control of their funds while unlocking powerful new ways to use their cryptoassets.<\/span><\/p>\n

Users of the<\/span> Bitcoin.com Exchange will have their accounts automatically migrated to FMFW.io and can rest assured their assets are safe.<\/span><\/p>\n

Bitcoin News
\nAnnouncements, Promoted, Bitcoin.com Exchange, Bitcoin.com Wallet, FMFW.io<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin.com, in line with its vision to support \u2018economic freedom,\u2019 is refocusing its efforts on non-custodial, or \u2018self hosted,\u2019 crypto products, including exchange. Therefore, the Bitcoin.com Wallet, which is fully non-custodial and provides users with direct access to public blockchains like Bitcoin, Bitcoin Cash, and Ethereum will be the company\u2019s flagship product going forward. What\u2019s…<\/p>\n","protected":false},"author":0,"featured_media":12323,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-12322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12322"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=12322"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12322\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/12323"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=12322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=12322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=12322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}