- Control: Users have full control over their private keys, which means they have complete ownership and access to their funds. This is in contrast to some centralized wallets or exchanges where users don't control their private keys.
- Anonymity: Many blockchain wallets prioritize user privacy. Transactions are often pseudonymous, providing a certain degree of anonymity, which can be important for some users.
- No Recovery if You Lose Your Keys: If you lose your private keys or forget your wallet password, you can permanently lose access to your funds. There's no centralized authority to help recover them, making it a high-stakes responsibility.