What Is a "Custodial Wallet" versus a "Non-Custodial Wallet"? ▴ Learn

What Is a “Custodial Wallet” versus a “Non-Custodial Wallet”?

A custodial wallet is one where a third party (like an exchange) holds the private keys on behalf of the user, meaning the user does not have direct control over the funds. A non-custodial wallet is one where the user retains sole control of the private keys, giving them complete ownership and responsibility for the security of their funds.

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