What is a non-custodial Crypto Wallet?

A non-custodial crypto wallet is a wallet where only the holder possesses and controls the private keys. For users who want full control over their funds, non-custodial wallets are the best option. Since there are no intermediaries, you can trade crypto directly from your wallets.

What is the difference between a custodial and a non-custodian wallet?

Our guide to custodial vs non-custodial wallets can help. For a custodial wallet, a third party takes custody of the private key instead of the crypto owner. For a non-custodial wallet, the crypto owner holds their own private key and, therefore, their funds.

Are non-custodial wallets censorship-resistant?

Non-custodial wallets do not have this problem. Non-custodial wallets do not require the outsourcing of trust to an institution, so no institution can refuse to complete transactions. These transactions are essentially censorship-resistant, as the user controls the private key.

What are the different types of crypto wallets?

There are many different types of crypto wallets that token holders can use to store crypto. But, they can generally be split into two broad categories: custodial and non-custodial wallets. A custodial wallet, like Ceffu (formerly Binance Custody), is a service that owns the private key to your wallet and holds your assets in custody.