What is the most critical factor when choosing a custody solution?

Fully understanding all AML and KYC regulations

Assessing your needs and risk tolerance

Hiring a blockchain expert to choose one for you

Ensuring your wallet has the fastest transaction speed

Which wallet type is most accessible for frequent transactions?

Cold wallet

Stock wallet

Hot wallet

Multi-signature wallet

What is the primary benefit of a third-party custodian?

Free wallet services

High security and peace of mind

No need for KYC compliance

Instant access to funds

Which of the following is a disadvantage of cold wallets?

They are prone to online hacking.

They add extra steps for transactions.

They don’t support multiple cryptocurrencies.

They require compliance with AML laws.

Order the following from most to least accessible.

Cold wallets, Hot wallets, Third-party custodians

Third-party custodians, Cold wallets, Hot wallets

Hot wallets, Third-party custodians, Cold wallets

Hot wallets, Cold wallets, Third-party custodians

Which custody solution typically involves the highest costs over a long period of time?

Third-party custodians

Cold wallets

Hot wallets

Software wallets

What is the role of compliance in third-party custody solutions?

Ensuring wallets are compatible with all blockchains

Preventing wallet theft through encryption

Adhering to AML and KYC regulations

Reducing transaction fees

Why might someone with limited technical knowledge choose a third-party custodian?

They handle technical complexities and provide added security.

They are completely free to use.

They eliminate all risks associated with crypto storage.

They guarantee profits on investments.

Lapu-Lapu has Php 10,000 in crypto, trades weekly, and prefers quick transactions. Which custody solution should he choose?

Cold wallet

Hot wallet

Third-party custodian

A multi-signature wallet

Jose Rizal holds Php 1,000,000 in crypto and rarely trades. He’s concerned about security and prefers a hands-off approach. What custody solution would suit him best?

Hot wallet

Third-party custodian

Cold wallet

Paper wallet

Selecting the Right Custody Solution

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