About non-custodial wallet

A non-custodial wallet is a type of cryptocurrency wallet that gives you control over your private keys. This means that you, and only you, have access to and control over the assets stored in your wallet. In contrast, a custodial wallet is one where the private keys are held by a third party, such as an exchange or online service, which means that they have control over the assets in your wallet.

Non-custodial wallets offer a number of advantages over custodial wallets. For example, they give you more control over your assets and can help to protect you against the risk of having your assets stolen or lost due to the failure or hack of a third-party service. They also offer greater privacy, as you are not required to provide personal information or go through identity verification processes in order to use them.

However, non-custodial wallets also come with some risks. Because you are solely responsible for managing your private keys, it is important to make sure that you keep them secure and backed up. If you lose access to your private keys, you will also lose access to your assets.