All For One
  • Getting Started
    • Introduction
    • Installing the App
    • Creating a Wallet
      • Create via Seed Phrase
      • Create via SSO
      • Create via SSS
    • Importing a Wallet
      • Import via Seed Phrase
      • Import via Private Key
      • Import via SSS
      • Import via Hardware Wallet
    • Searching Crypto Assets
    • Buying Crypto Assets
      • Buying Coins with Fiat
      • Buying Tokens with Coins
    • Selling Crypto Assets
      • Selling Coins for Fiat
      • Selling Tokens for Coins
  • Token Research
    • Token Charts
    • Token Transactions
    • Token Whale Watching
    • Token Liquidity Info
  • Wallet Management
    • Supported Blockchains
    • Importing Tokens
    • Sending Crypto Assets
    • Receiving Crypto Assets
    • Wallet-Specific Settings
      • Enabling Chains
    • Global Wallet Settings
      • Collapse Defaults
      • Condensed View
      • Sort Tokens
      • Hide/Rearrange Wallets
  • User Settings
  • ECLIPSE™ Rankings
  • Security Features
  • Glossary
    • Definitions
      • Self-Custody Wallets
        • Public Addresses
        • Seed Phrases
        • Private Keys
        • Shamir's Secret Sharing
        • Multi-Chain Wallets
        • Hierarchical Determination
      • Smart Contracts
        • Tokens
        • NFTs
        • Staking Pools
      • Gas
      • Decentralized Exchanges
        • Automated Market Makers
        • Liquidity Pools
        • CPMM Formula
      • Decentralization
        • Distributed Consensus
          • Proof-of-Work
          • Proof-of-Stake
        • Decentralized Applications
        • Web3
        • Blockchains
          • Blockchain Explorers
    • Disambiguation
      • Coins vs Tokens
      • Seed Phrase vs Private Key
      • DEXs vs CEXs
      • Fungible vs Non-Fungible Tokens
      • PoW vs PoS
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  1. Glossary
  2. Definitions

Self-Custody Wallets

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Last updated 2 years ago

A Self-Custody Wallet, also known as non-custodial wallet, is a cryptocurrency wallet that gives the user complete control over their . This means that the user, rather than a third party, is responsible for the security of their funds. In contrast, custodial wallets are wallets that are managed by a third party, such as an exchange or online wallet provider, and the user does not have direct control over their private keys.

There are several different types of self-custody wallets, including:

  1. Software wallets: These are wallets that are downloaded and installed on a computer or mobile device. Software wallets give the user full control over their private keys in a manner that is both reasonably secure and convenient. All For One™ is considered a self-custody software wallet.

  2. Hardware wallets: These are physical devices that securely store private keys. Hardware wallets are considered to be the most secure type of self-custody wallet, as they are not connected to the internet and are therefore less vulnerable to hacking attacks. However, they can be lost or stolen, so it's important to keep them in a safe place.

  3. Paper wallets: These are simply printouts of private and public keys, often in the form of QR codes. Paper wallets are a secure and offline way to store cryptocurrencies, but they are not very convenient to use for regular transactions.

private keys