Spot is a fully decentralized wallet which means that:

  • We don't have control over your funds. Only you have control over your funds, 24 hours a day, 7 days a week. ๐Ÿ‘Œ
  • An exchange can block or seize your funds. With Spot your funds are safe. ๐Ÿ‘Œ
  • If an exchange gets hacked, you could lose all your funds. With Spot your funds are safe ๐Ÿ‘Œ even if the company would cease to exist as you are in control of your funds.
  • If an exchange's servers are down you cannot access your funds. With Spot your funds are safe. ๐Ÿ‘Œ
Did this answer your question?