Moonstake wallet is a self-managed wallet that does not deposit assets with third party institutions such as existing banks, but handling is completely self-responsible and there is a risk of losing access to assets if the key or passphrase called the private key is lost.
The Moonstake wallet is a non-depository, decentralized wallet, unlike the centralized wallets provided by crypto exchanges and custodians, which can be called depository-type wallets. Moonstake wallet is a decentralized wallet for security reasons such as hacking.
Benefits: You can manage your assets without depending on a third party administrator. There is no need to consider whether the custodian is trustworthy or not, or the risk of bankruptcy.
Note: Handling is completely at your own risk, and if you lose your private key or passphrase, you may not be able to access your assets.
If you wish to buy or sell coins, you will need to deal with an external trader.