Custodial

Short Description:

A custodial wallet is a wallet in which a third party (usually a crypto exchange) is responsible for managing your private keys.


Main Description:

A custodial wallet is a type of cryptocurrency wallet where a third party, usually an exchange or service provider, holds and manages the private keys on behalf of the user. This means the wallet provider has control over the user’s funds, while the user must trust the platform to secure their assets and facilitate transactions.