| Goal | Better Wallet Type |
|---|---|
| Convenience & Recovery | Custodial |
| Freedom & Full Ownership | Non-Custodial |
| DeFi and Web3 interaction | Non-Custodial |
| Simple Buy/Sell for beginners | Custodial |
Olatunji Ruth OlatunjI-Ruth
OlatunjI-Ruth
/ wallet_depending_on_goal.md
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OlatunjI-Ruth
/ wallets.md
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July 20, 2025 11:29
| Feature | Custodial | Non-Custodial |
|---|---|---|
| Who holds the private key? | A third party (exchange) | You |
| Can it be recovered if lost? | Usually yes (via support) | No, seed phrase is final |
| Can it be censored or frozen? | Yes | No |
| Suitable for DeFi? | Limited or not supported | Fully supported |
| Security responsibility | Shared with provider | Entirely yours |