Non-Custodial Wallet
A non-custodial wallet is a type of crypto wallet where the user has full control over their private keys and funds. No third party holds or manages the assets on your behalf.
How It Works
When using a non-custodial wallet, only the wallet owner can access or move the crypto. Private keys are stored locally—often encrypted—and never shared with a centralized service. These wallets can be software-based (like browser extensions or mobile apps) or hardware devices.
Why Non-Custodial Wallets Matter
Non-custodial wallets align with the core principle of crypto: self-sovereignty. They eliminate the need to trust exchanges or third parties and reduce the risk of hacks, freezes, or loss from platform failures. However, losing your private key means losing access to your funds—there’s no reset option.