non-custodial wallet
A non-custodial wallet is a type of cryptocurrency wallet where the user retains full control over their private keys and, consequently, their digital assets. Unlike custodial wallets, which are managed by third-party services, non-custodial wallets do not store user information or funds, offering enhanced security and privacy.
For web3 developers, supporting non-custodial wallets in their applications ensures that users maintain sovereignty over their assets, aligning with the decentralized ethos of blockchain technology. Implementing non-custodial solutions requires careful consideration of user experience, as managing private keys can be complex for non-technical users. However, it significantly reduces the risk associated with centralized points of failure.