# ๐ What's the difference between a custodial wallet and a non-custodial wallet?
1. **Custodial Wallet**: A third party like an exchange holds your private keys. It's user-friendly but you don't have full control. "Not your keys, not your coins."
2. **Non-Custodial Wallet**: You hold your private keys. Full control and full responsibility for securing your seed phrase.
Understanding this difference is the first step towards security in the Web3 space.
#Binance #Crypto_Security #Web3 #Digital_Wallets#
1. **Custodial Wallet**: A third party like an exchange holds your private keys. It's user-friendly but you don't have full control. "Not your keys, not your coins."
2. **Non-Custodial Wallet**: You hold your private keys. Full control and full responsibility for securing your seed phrase.
Understanding this difference is the first step towards security in the Web3 space.
#Binance #Crypto_Security #Web3 #Digital_Wallets#