Cosmostation Wallet will begin gradually stopping its services starting today. The official announcement states that going forward, only the recovery phrase and private key export features will be retained, and this affects the iOS, Android, and Chrome extension versions.

The most important thing to explain here is not “switch wallets right away,” but what a non-custodial wallet actually is.

Non-custodial wallets do not store assets on-chain. They store keys and use those keys to sign transactions. Asset balances are recorded on the blockchain; the wallet is simply a tool that reads balances, generates addresses, and submits transactions.

Therefore, the wallet app will stop being maintained and will not automatically delete assets on-chain. The real risk is that users have not backed up their seed phrase, or that after importing a new wallet they have not confirmed that the addresses match. What is exported is not a “balance file,” but the key material needed to re-derive the account addresses.

During migration, you cannot rely on the new wallet showing a balance. A Cosmos account may involve multiple addresses, staking, delegations, unclaimed rewards, and different network configurations. After recovery, you should first verify the address, then confirm your assets and staking status, and finally uninstall the old application.

Do not enter the recovery phrase into a website during the migration process, and do not give it to any so-called customer support.

These incidents show that while the wallet brand and interface may change, the on-chain account will not change just because an application is taken offline. What users truly need to preserve long-term is the ability to control verifiable and recoverable keys.