What is
A service or wallet where a third party holds and manages users' funds on their behalf.
A service or wallet where a third party holds and manages users' funds on their behalf. Custodial solutions are common on centralized exchanges (CEXs) and some wallet providers. Users must trust the custodian for security and access.
Common questions about this topic
Start by getting a wallet (Nautilus for browser, Terminus for mobile). Back up your seed phrase securely offline. Get some ERG from a current exchange or verified venue, then make a small test transaction. After that, explore NFTs, mining, DeFi references, or the developer stack if you're a builder.
This is not financial advice. Ergo has strong fundamentals: fair launch (no VC dump risk), innovative technology (eUTXO, Sigma Protocols, NiPoPoWs), active development, and a cypherpunk ethos. It's a smaller market cap project with higher risk/reward than established chains. Research thoroughly, understand the technology, and never invest more than you can afford to lose.
Providing liquidity on Ergo depends on the current active DEX or AMM venue. In general, you deposit equal value of two assets into a pool, receive LP tokens representing your share, and earn a portion of trading fees. Spectrum Finance is historical/frozen since February 2024, so verify the active venue, contracts, liquidity depth, and withdrawal process before depositing funds.
ERG is available on centralized exchanges such as Gate.io, KuCoin, Bitmart and CoinEx, plus cross-chain routes such as Rosen Bridge depending on current liquidity. Spectrum Finance is a historical Ergo DEX reference that issued a sunset notice in 2024, so verify any active venue before trading. For self-custody, buy where available and withdraw to your Nautilus or Terminus wallet.