A non-custodial wallet is a type of cryptocurrency wallet that allows users to have complete control over their funds. This means that the user is responsible for storing their own private keys, which are needed to access and manage their cryptocurrency holdings.
Unlike custodial wallets, where a third party, such as an exchange, holds the user’s private keys, non-custodial wallets give users the freedom to store their keys securely on their own devices. This provides users with greater security and privacy, as they do not have to rely on a third party to protect their funds.
Non-custodial wallets are popular among those who value independence and control over their cryptocurrencies. By holding their own keys, users can also easily switch between different wallets or services without losing access to their funds. This type of wallet is often recommended for those who prioritize security and autonomy in managing their digital assets.
