How and where your crypto is stored

How and where your crypto is stored

Nov 15, 2022

How and where your crypto is stored

Have you ever wondered how and where your cryptocurrency is kept? Token holders can utilise a variety of crypto wallets to keep their cryptocurrency. However, they can be divided into two categories: custodial and non-custodial wallets.

A custodial wallet, such as Binance, Coinbase, is a service that maintains your funds in custody and owns the private key to your wallet. Your account is a custodial wallet as well. When you utilise a non-custodial wallet, on the other hand, you have complete control over your assets. Non-custodial wallets include Ledger, Trezor, MetaMask.

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