Custodial wallet

A wallet where a service holds the private keys for you.

Explanation

Custodial wallets are convenient but add counterparty risk. Security depends on the provider.

Related pages

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Related terms

WalletNon-custodial wallet2FA (two-factor authentication)

FAQ

What does “Custodial wallet” mean?
A wallet where a service holds the private keys for you.
Where is this term used on the site?
This glossary page is the canonical definition. Use the related links below to jump into guides and hub pages where the concept is applied.
Is this financial advice?
No. These pages provide definitions and safety-oriented explanations, not investment advice.