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Wallets and Self-Custody

A wallet holds your private keys. Self-custody means you control them directly.

TLDR

  • Custodial wallets are easier but rely on a third party.
  • Self-custody gives you full control and responsibility.
  • Back up your seed phrase offline and never share it.
  • Use hardware wallets for long-term holdings.

Custodial vs self-custody

Custodial wallets are like bank accounts. Self-custody means you are the bank, so security matters.

Security basics

Use two-factor authentication, verify addresses, and keep a secure offline backup of your seed phrase.

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