Review article
https://doi.org/10.62598/JVA.12.1.6.28
Comparison of Cryptocurrency Storage Methods Security Risks, Costs and Market Impact
Karlo Ludvig
orcid.org/0009-0001-5180-5437
; The Faculty of Tourism and Rural Development, Josip Juraj Strossmayer University of Osijek
Mario Župan
orcid.org/0000-0002-5994-9785
; The Faculty of Tourism and Rural Development, Josip Juraj Strossmayer University of Osijek
Abstract
Purpose: This paper compares dominant cryptocurrency storage methods, analyzing their impacts on security, cost effi ciency, and market dynamics. It explores how custodial and non-custodial approaches infl uence user behavior, institutional adoption, and regulatory frameworks in the digital asset ecosystem.Design: The study uses a comparative analytical framework to assess technical, operational, and economic dimensions of hardware, software, and custodial storage models.Methodology: A qualitative approach is employed, drawing on academic literature, industry reports, and case studies of major security incidents, including Mt. Gox, FTX, Bybit, and Lazarus Group attacks.Approach: The research systematically contrasts custodial and non-custodial paradigms, focusing on technological foundations, risk profi les, and user control mechanisms.Findings: Custodial solutions provide accessibility and compliance but carry third-party and systemic risks. Non-custodial methods off er autonomy and resilience but require technical expertise and accountability. Hybrid models eff ectively balance usability and security.Originality of the Research: The paper synthesizes existing knowledge with recent breach analyses into a cohesive comparative framework, delivering actionable insights for investors, regulators, and developers to enhance safety and effi ciency in cryptocurrency storage.
Keywords
Cryptocurrency; Custodial Storage; Non-Custodial Storage; Security Risks; Market Impact; Digital Asset Management; Bitcoin
Hrčak ID:
348402
URI
Publication date:
29.6.2026.
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