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Rachel Welch

14 November 2022 168 Read Blockchain

What Is a Non-Custodial Wallet?

A non-custodial wallet is a type of digital wallet that doesn't rely on a central authority to manage your funds. These wallets are designed to simplify the process of buying and selling cryptocurrencies. They also provide advanced features, such as access to the Lightning Network. These features can help you protect your funds from hacking and exposure.

A non-custodial wallet gives you complete control over your private keys. This allows you to control and protect your funds without the help of a third party. Because you have full control of your private keys, you are free to transfer your funds to another wallet if necessary. A non-custodial wallet is best for those who don't want to share their private keys with other people.