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Coingrig is primarily a cryptocurrency exchange that allows users to buy and sell cryptocurrencies using a variety of payment methods. While they do offer a wallet service, it appears to be a custodial wallet, meaning that the company has control over the private keys associated with the user's cryptocurrencies. Compared to non-custodial wallets, which provide users with full control over their private keys and allow them to store and manage their cryptocurrencies independently, custodial wallets have a few key differences. Convenience: Custodial wallets are generally easier to use than non-custodial wallets because they do not require users to manage their private keys. Security: Custodial wallets are usually insured against theft, and the company behind the wallet is responsible for protecting the user's funds. Control: With a custodial wallet, the user relies on the company to manage their funds and make decisions about how they are used.
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