Custodial vs Non-custodial wallet

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The basic difference between a Custodial Vs Non-custodial wallet is that in custodial the private key is held by a third party and in non-custodial, users are themselves responsible and in full control of their assets.

  • Custodial
    • The website holds the private keys
  • Non-custodial
    • The user holds the private keys


  • Custodial wallet websites
    • Free Wallet, Binance, BitMex, Bitgo,
  • Non-custodial wallet apps and devices
    • Electrum, Exodus, Ledger Nano X, Trezor One, Zengo, Wasabi, among others
    • Cryptony wallet

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