Does my Self-Custody Wallet Hold my Crypto Assets?

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

When you use a non-custodial wallet for Bitcoin, Ethereum, or any other cryptocurrency, your digital assets don't actually "reside" in the wallet in a physical sense. Instead, what the wallet stores are the private keys you need to access and manage your cryptocurrencies. Cryptocurrencies like Bitcoin and Ethereum are maintained on their respective blockchains, which are distributed public ledgers that record all transactions. Each unit of cryptocurrency is associated with an address on the blockchain. Your private keys provide the means to prove ownership and control of the cryptocurrency that is registered to your addresses on the 

Blockchain. So, in essence, your Bitcoin, Ethereum, or other crypto assets are stored on the blockchain. Your non-custodial wallet simply provides the tools necessary to interact with the blockchain, allowing you to send, receive, and manage your cryptocurrencies securely.

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article