Non-custodial wallet
A wallet where you alone control your private keys.
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What is a non-custodial wallet?
A non-custodial wallet gives you sole control of your private keys, and therefore direct control of your assets. No third party can move your funds or freeze your access.
The trade-off
The trade-off is full responsibility. If you lose your keys or seed phrase, there is usually no way to recover the funds, so secure backups are essential.