What are Non-Custodial Wallets and How Do They Work?
There’s a saying among crypto users: “not your keys, not your crypto.” That underlies a general truth about digital currency: if your crypto or digital assets are sitting on a centralized exchange, they might be one hack or corporate implosion away from disappearing forever…
In spite of this, centralized exchanges like Coinbase, Binance, Uphold, and Kraken are the way that the majority of crypto investors engage with crypto. And while there’s nothing wrong with relying on exchanges—they are great ways to get your money on and off the blockchain—there’s way more to crypto than big, centralized exchanges.
You might be surprised to learn about all that web3 has to offer once you leave the convenience of an exchange. After all, there’s a whole world awaiting the crypto curious, including things like non-fungible tokens (NFTs), decentralized finance (DeFi), and DAOs could all be truly yours.
But in order to dive in, you’ll need a non-custodial wallet like Kresus to hold your assets. This wallet will be your gateway to the blockchain and allow you to store your NFTs, crypto, and other digital assets in the simplest and most secure environment.
However, while going on chain has its risks, the same can be said with anything that’s yours—with great power comes the great responsibility of protecting your stuff. Let’s dive in an explore non-custodial wallets and how they work: