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Bits 2.0 – Coming Soon

bitscrypto.com · 35 words · saved by 1 readers

Bits is non-custodial, which means users maintain full ownership of their own funds. This limits exchange-side risk, so no need to worry about anyone lending your assets (or stealing them) without your consent. What is a non-custodial CEX? A non-custodial centralized exchange (CEX) is a type of exchange that never has custody of your assets. With a non-custodial CEX you can on-ramp (convert dollars to crypto), trade or swap digital assets, and maintain secure custody of your crypto. Think of it as an upgraded version of traditional CEXs (like FTX, Voyager, Coinbase, or Binance). Why don't I need to remember a seed phrase? When creating a wallet with Bits, your device automatically splits your private key into three pieces. One of those is stored on your local device, another in a secure Amazon Web Services Center with restricted access (Bits has no access), and the last piece with a trusted third-party (magic.link). This ensures that only you are able to access your funds, and they can

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