Storing your digital assets is an essential part of your crypto investment journey, and non-custodial wallets are becoming more prevalent as the field of decentralized finance continues to boom.
Non-custodial wallets are digital wallets that enable users to take full ownership of their assets. The name (non-custodial) comes from the fact that the wallet itself doesn’t have custody of your crypto but rather serves as an interface that enables you to easily conveniently access it while also allowing third-party integrations.
This is the main difference between custodial and non-custodial solutions – ownership. On the other hand – with custodial wallets – it is the company that offers the services that safeguards and keeps your crypto. For instance, centralized cryptocurrency exchanges are oftentimes custodians, which means that they keep your crypto for you, and the private keys are not held by you.
This is where one of the most popular sayings in the industry comes into play –
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