What level is the Ouyi web3 wallet?

Ouyi Web3 wallet is a multi-level wallet in the field of digital currency. The specific levels are as follows:

Self-hosted level:

• Level 2: Users have their own private keys and mnemonic phrases, Have full control over your funds.

Custody level:

• Level 1: Users deposit, withdraw and manage funds through custodian institutions (such as Oui).

Ouyi Web3 wallet complies with the second level self-hosting level, which means that users have full control over their assets. They hold their own private keys and mnemonic phrases and can control the transfer and use of funds at any time.

The self-hosted tier provides the highest level of security and privacy, but users are also responsible for custody and protection of private keys and mnemonic phrases. Ouyi Web3 Wallet helps keep users’ funds safe by providing an intuitive user interface and advanced security features such as biometric authentication and two-step verification.

When choosing a wallet level, users should consider their needs and risk tolerance. Self-hosted wallets provide the best option for those who prioritize control and privacy. Custodial wallets are suitable for users who wish to outsource asset management to a trusted institution.

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