What is
A service or wallet where a third party holds and manages users' funds on their behalf.
A service or wallet where a third party holds and manages users' funds on their behalf. Custodial solutions are common on centralized exchanges (CEXs) and some wallet providers. Users must trust the custodian for security and access.
Common questions about this topic
Start by getting a wallet (Nautilus for browser, Terminus for mobile). Back up your seed phrase securely offline. Get some ERG from an exchange (Gate.io, KuCoin) or DEX (Spectrum). Make a test transaction. Then explore: try DeFi on Spectrum, check out NFTs, or dive into the technology if you're a builder.
This is not financial advice. Ergo has strong fundamentals: fair launch (no VC dump risk), innovative technology (eUTXO, Sigma Protocols, NiPoPoWs), active development, and a cypherpunk ethos. It's a smaller market cap project with higher risk/reward than established chains. Research thoroughly, understand the technology, and never invest more than you can afford to lose.
ERG is available on centralized exchanges (Gate.io, KuCoin, Bitmart) and decentralized exchanges (Spectrum Finance on Ergo, Rosen Bridge from other chains). For self-custody, buy on an exchange and withdraw to your Nautilus or Terminus wallet. For maximum decentralization, use Spectrum DEX directly with a non-custodial wallet.
Buy ERG on centralized exchanges (KuCoin, Gate.io, CoinEx) or decentralized exchanges (Spectrum Finance). First create a wallet (Nautilus recommended), then purchase ERG and withdraw to your wallet. Never leave large amounts on exchanges - self-custody is key.