Tag: Non-Custodial Wallet

Non-custodial wallets are commonplace throughout the decentralized finance (DeFi) community as they are essential for interacting with decentralized applications (dApps). Conversely, custodial wallets tend to be associated with a centralized exchange that takes custody of digital assets. Furthermore, custodial wallets require a certain amount of technical understanding and personal responsibility. The phrase “not your keys, not your coins” refers to the lack of control one has over their assets when stored in a custodial wallet. Plus, the phrase suggests that a custodial wallet is not sufficient for storing assets safely. This debate has led many investors to consider the differences between custodial vs non-custodial wallet offerings.