Help CenterA non-custodial wallet is a type of cryptocurrency wallet that gives users complete control over their digital assets. Unlike custodial wallets, where a third party manages and secures funds, non-custodial wallets ensure that only the wallet owner holds the private keys. This provides unparalleled security and autonomy since no external entity has access to the user’s assets.
The safety of non-custodial wallets lies in their decentralized nature, as users are not reliant on an intermediary that could potentially be hacked or compromised. However, this level of independence also comes with the responsibility of securely managing one’s seed phrase—a unique set of words used to recover the wallet. If the seed phrase is lost, the wallet and its funds become irretrievable, emphasizing the importance of securely storing it in multiple safe locations.
Non-custodial wallets offer the highest level of security and control, but users must remain diligent about safeguarding their access credentials.