What Are Non-Custodial Wallets and Why Are They Important?
Non-custodial wallets empower users with full control over their private keys, ensuring true ownership of their crypto assets. Unlike custodial wallets, which rely on third parties to manage keys, non-custodial wallets eliminate risks associated with hacks, exchange failures, and unauthorized access. These wallets enhance security by keeping private keys solely in the user's possession, often secured through seed phrases and hardware encryption. As decentralization gains prominence, developing a non-custodial wallet is essential for ensuring financial sovereignty, security, and trust in digital asset management.
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