Lucifer
@llucifer
Funny question: What’s the difference between "Custodial Wallet" and "Non-Custodial Wallet"? A.🔒 Custodial = You own keys, Non-Custodial = Exchange owns keys B. 💳 Custodial = Exchange owns keys, Non-Custodial = You own keys C. 🤷♂️ No difference, just buzzwords D. 🐢 It’s related to transaction speed
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Lucifer
@llucifer
In a custodial wallet, a third party (like an exchange) holds your private keys and manages your crypto for you. In contrast, a non-custodial wallet gives you full control of your private keys and funds, meaning you are solely responsible for their security.
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