Why Should I Use a Non-Custodial Wallet?

Created by Ethos Support, Modified on Fri, 24 May 2024 at 11:31 AM by Ethos Support

In a non-custodial wallet, the wallet's owner retains complete control over their private keys, which are the cryptographic keys required to access and transact with the cryptocurrency. This means the owner has full responsibility for the security and management of their assets without relying on a third-party service, like a bank or a centralized exchange, to hold the assets on their behalf. There are several names for a non-custodial wallet that mean the same thing, including: i) self-custody wallet, ii) self-hosted wallet, and iii) non-hosted wallet (meaning a third party does not control your wallet). Non-custodial wallets can include both hardware and software wallets. Ethos is a software wallet that was designed to provide the safety of a hardware wallet with the convenience of a software one. Due to its innovative design, Ethos turns your mobile device into a hardware wallet such that you do not need a separate device to keep your assets safe.

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