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Understanding DeFi And Its Uses – crypto.news

Click through to learn everything you need to know about DeFi (Decentralized Finance) and its most common uses!
Common Uses For DeFiLike its CeFi counterpart, DeFi has many uses in the financial sector.
Understanding DeFi WalletsLike cryptocurrency, you need a DeFi wallet to use decentralized financial services.
All DeFi wallets are non-custodial, so you’re responsible for keeping your seed phrase or private key safe.
While there are both hardware and software DeFi wallets, software wallets are by far the most popular choice for DeFi transactions.

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.

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