$BNB
Before you can start sending, receiving, or storing digital assets, you’ll need a *crypto wallet*. A wallet acts as your access point to the blockchain — but not all wallets function the same way. Here’s a breakdown of the main types:
*1. Custodial Wallets*
These wallets are managed by a third party, such as a cryptocurrency exchange. The provider holds your private keys, making them convenient for beginners. However, this also means you don’t have full control over your funds.
*2. Non-Custodial Wallets*
With non-custodial wallets, you manage your own private keys and have full control over your assets. This approach offers more independence but comes with increased responsibility. If you lose your recovery phrase, your funds may not be recoverable. Examples include MetaMask and Trust Wallet.
*3. Hardware Wallets*
Hardware wallets are physical devices that store your private keys offline. They offer a high level of security against hacks but can be more expensive and less intuitive for new users. Brands like Ledger and Trezor are common in this category.
*4. Binance Web3 Wallet*
This option aims to bridge ease of use with self-custody. It allows users to control their assets without managing seed phrases directly. It also includes features like integrated customer support and multi-chain access.
🧠 Want to dive deeper into how each wallet type works and how to choose the right one?
*Explore our full guide here:* https://s.binance.com/XuccNlOA