Benefits of Managed vs. Self Custody of XRP: A Detailed Explanation by Ripple

If you’re an XRP user, you might be wondering whether it’s better to keep your assets in a managed account or opt for self-custody. Ripple has some key insights to help you make an informed decision.

When it comes to managed custody, you’re essentially trusting a third-party service to securely store your XRP. This can provide added convenience and security features, such as insurance coverage and protection against hacks. However, you may have limited control over your assets and be subject to additional fees.

On the other hand, self-custody gives you full control and ownership of your XRP. You are responsible for storing your assets securely, which can be done through hardware wallets or other cold storage solutions. While this option requires more effort on your part, it eliminates the need to rely on a third party and can potentially reduce fees.

Ultimately, the choice between managed and self-custody comes down to your personal preferences and risk tolerance. Consider factors such as security, convenience, and control when deciding how to safeguard your XRP assets. By weighing the pros and cons of each option, you can make the choice that best aligns with your individual needs and priorities.