What is a crypto custodial wallet?

A Crypto custodial wallet is like a bank. You have to give all the details and trust to the third party. With the custodial wallet, another party controls your private keys. They secure your fund and return them whenever you want. These days custodial wallets are web-based exchange wallets. The custodial portfolio is less risky than it used to be.

What is a self-custodial Crypto Wallet?

Self-custodial crypto wallets provide you with direct access to public blockchains. The best wallets, like the Bitcoin.com Wallet, allow you customize the fees you pay to public blockchain miners and validators. This means, for example, that you can choose to pay less for transactions when you're not in a hurry (or more if you're in a rush!).

Should I use a crypt wallet or a non-custodial wallet?

On the other hand, if you feel you need more control over your crypto and want to follow the "not your keys, not your coins" rule, a non-custodial is the better choice for you. Nevertheless, you can use both types of crypt wallets for the best results.

What is a crypto wallet & how does it work?

This is a public-facing data point like your home address and is used to receive inbound cryptocurrencies and encrypt outbound transaction data. When depositing crypto into a wallet, you simply input the public key as the deposit address. This is similar to using your handle in a service such as Venmo or CashApp.