{"id":1576,"date":"2020-02-03T00:01:00","date_gmt":"2020-02-03T08:01:00","guid":{"rendered":"https:\/\/www.opennode.com\/blog\/?page_id=1576"},"modified":"2020-01-30T10:32:34","modified_gmt":"2020-01-30T18:32:34","slug":"custodial","status":"publish","type":"page","link":"https:\/\/blog.opennode.com\/blog\/glossary\/custodial\/","title":{"rendered":"Custodial"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span>\n<h1 class=\"wp-block-heading\">Custodial<\/h1>\n\n\n\n<p>Custodial refers to the situation in which the <a href=\"https:\/\/www.opennode.com\/blog\/glossary\/private-key\">private keys<\/a> to a <a href=\"https:\/\/www.opennode.com\/blog\/glossary\/bitcoin-wallet\">Bitcoin wallet<\/a> are stored on a server or with a company, not with the \u201cowner\u201d of the Bitcoin wallet. This shifts the onus of protecting the wallet away from the \u201cowner\u201d and to the server or company that is storing the wallet. The purpose of custodial solutions are to make it easier for a user to own and operate a wallet without needing advanced technical experience or deep understanding of <a href=\"https:\/\/www.opennode.com\/blog\/glossary\/bitcoin\">Bitcoin<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Link<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li><em>What are cryptocurrency custody solutions?<\/em> &#8211; <a href=\"https:\/\/www.investopedia.com\/news\/what-are-cryptocurrency-custody-solutions\/\">Investopedia<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span>Custodial Custodial refers to the situation in which the private keys to a Bitcoin wallet are stored on a server or with a company, not with the \u201cowner\u201d of the Bitcoin wallet. This shifts the onus of protecting the wallet away from the \u201cowner\u201d and to the server or company that is storing the wallet.  &#8230;<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":172,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-notitle.php","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1576","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Custodial - OpenNode Blog<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Custodial - OpenNode Blog\" \/>\n<meta property=\"og:description\" content=\"Reading Time:  &lt; 1 minuteCustodial Custodial refers to the situation in which the private keys to a Bitcoin wallet are stored on a server or with a company, not with the \u201cowner\u201d of the Bitcoin wallet. This shifts the onus of protecting the wallet away from the \u201cowner\u201d and to the server or company that is storing the wallet. ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.opennode.com\/blog\/glossary\/custodial\/\" \/>\n<meta property=\"og:site_name\" content=\"OpenNode Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/OpenNodeco\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@opennode\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/glossary\\\/custodial\\\/\",\"url\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/glossary\\\/custodial\\\/\",\"name\":\"Custodial - OpenNode Blog\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/#website\"},\"datePublished\":\"2020-02-03T08:01:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/glossary\\\/custodial\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/glossary\\\/custodial\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/glossary\\\/custodial\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Main\",\"item\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Glossary\",\"item\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/glossary\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Custodial\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/\",\"name\":\"OpenNode Blog\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/#organization\",\"name\":\"OpenNode\",\"url\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.opennode.com\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/Logomark-1.png\",\"contentUrl\":\"https:\\\/\\\/www.opennode.com\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/Logomark-1.png\",\"width\":1920,\"height\":1920,\"caption\":\"OpenNode\"},\"image\":{\"@id\":\"https:\\\/\\\/blog.opennode.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/OpenNodeco\\\/\",\"https:\\\/\\\/x.com\\\/opennode\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Custodial - OpenNode Blog","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Custodial - OpenNode Blog","og_description":"Reading Time:  &lt; 1 minuteCustodial Custodial refers to the situation in which the private keys to a Bitcoin wallet are stored on a server or with a company, not with the \u201cowner\u201d of the Bitcoin wallet. 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