What is a non-custodial wallet?

Understanding wallet types is essential for managing your crypto assets securely.

Custodial vs Non-Custodial

Custodial Wallets

• Third party holds your private keys
• You trust the provider with your funds
• Easier recovery if you lose access
• Examples: Exchange wallets

Non-Custodial Wallets

• You hold your private keys
• Complete control over your funds
• Self-custody and responsibility
• Examples: SuperDapp wallet, hardware wallets

Benefits of Non-Custodial

Security

• No third-party risk
• Immune to exchange hacks
• Your keys, your crypto

Privacy

• No KYC required for basic features
• No data sharing with third parties
• Anonymous transactions

Control

• Full control over your assets
• No withdrawal limits from the wallet
• Access anytime, anywhere

Ownership

• True ownership of your crypto
• Nobody can freeze your funds
• Freedom to transact

Responsibilities

With non-custodial wallets, you are responsible for:

• Keeping your recovery phrase safe
• Protecting your device
• Double-checking transaction details
• Regular security practices

Best Practices

• Write down your recovery phrase on paper
• Store it in multiple secure locations
• Never share it with anyone
• Use strong device security
• Verify all transactions before confirming