Non-custodial wallet
WalletsUpdated 11.08.20261 min
A non-custodial wallet is one whose keys only you hold. Nobody can freeze the funds or refuse a transfer, and nobody can help if the keys are lost or handed to a scammer.
How it works
The wallet generates a seed phrase on your own device, and every key derives from it. The developer neither sees nor stores them; they do not know you exist.
So "forgot password" does not exist here. Recovery happens through the seed phrase alone, and anyone offering another route is lying.
For DeFi it is a requirement: connecting to a contract, providing liquidity or taking a loan needs a wallet that signs for itself.
What it means in practice
- The responsibility is entirely yoursNo support, no reversal, no insurance. That is not a flaw but the condition you accept.
- The backup is not optionalThe phrase on paper in two places belongs in the first five minutes, not at some later point.
- Contract approvals live onConnecting to DeFi grants a right to spend tokens. It stays live until revoked by hand.
- Split the amountsMain holdings on a hardware wallet, day-to-day activity from a separate one. A mistake then costs less.