Non-Custodial Wallet
A wallet where you hold your own private keys and have full control over your funds. No third party can freeze or access your assets, but you alone are responsible for securing your seed phrase. Examples include MetaMask, Trust Wallet, and hardware wallets.
Mike Starr
Founder, CryptoWizardTools ยท M.S. Organizational Management
Last reviewed: August 2026
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Related Terms
Self Custody
The practice of holding your own private keys and maintaining full control of your cryptocurrency, rather than trusting a third-party custodian like an exchange.
Hardware Wallet
A physical device designed to securely store cryptocurrency private keys offline. Popular hardware wallets include Ledger and Trezor.
Seed Phrase
A series of 12 or 24 words generated by a cryptocurrency wallet that serves as a backup to restore access to the wallet. It must be kept secure and private.
Custodial Wallet
A wallet where a third party (usually an exchange) holds the private keys on your behalf. Custodial wallets are convenient and allow password recovery, but mean you do not truly control your funds โ "not your keys, not your coins."