Understanding Crypto Wallets: Custodial vs. Non-Custodial
When trading and investing in crypto, it’s important to understand where your assets are stored.
There are two main types of wallets:
1. Custodial Wallets
Managed by a third party (like Binance).
You don’t hold the private keys — the platform secures them for you.
Easy to use and recover if you lose your access credentials.
2. Non-Custodial Wallets
You control your private keys and full responsibility for your funds.
Examples include Trust Wallet and other decentralized wallets.
Offers greater independence but requires careful management of your keys.
Remember:
"Not your keys, not your coins" is a common saying — but it’s about what suits your needs best.
Binance offers both flexibility and security options so you can choose how you want to manage your assets.
Stay safe, stay informed!
