Proton, traditionally focused on cryptography, introduces Proton Wallet for bitcoin, emphasizing self-custody and user control of private keys, a departure from exchanges' control over transactions.
Proton Wallet provides a recovery phrase backup for lost private keys, allowing users to recover assets independently, ensuring security even if Proton is compromised, with plans for multi-currency support.
Though Proton Wallet enhances security with self-custody and recovery phrase backup, users must remain cautious of phishing attacks targeting recovery phrases, highlighting the importance of responsible asset protection in crypto transactions.
Collection
[
|
...
]