What is a non-custodial wallet?

alicejenifferze

Active member
This non-custodial wallet is Secure software that gives you complete control over your cryptocurrencies. Instead of relying on a third party to keep your cryptocurrencies safe, the responsibility of protecting your funds now falls on you.

You are typically in charge of managing and keeping your private keys and seed phrases to the associated wallet address (or account) safe from prying eyes in non-custodial software wallets. Private keys are the wallet's soul, and having them stolen or compromised in any way means losing all funds stored in that wallet. So private keys are very important for the non-custodial wallet.

If you want to know more details about crypto wallets, you can contact any cryptocurrency wallet development company, Like Bitdeal, who will provide you the clear details about the crypto wallet, and they also provide cryptocurrency wallet development services across the globe.
 
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