Glossary
Self-custody
Also written or said as: self custody, non-custodial, not your keys
Holding your own keys, so only you control your crypto.
With a self-custody wallet like Phantom, no company can freeze or lose your funds, and no company can rescue them if you lose your seed phrase. On an exchange it is the other way round: the exchange holds the keys. 'Not your keys, not your coins' is the old saying for why people withdraw to their own wallet.
Learn it properly inWallets, addresses and keysStart here · 4 min readRelated words
This guide is for learning. It is not financial advice. Most memecoins go to zero and most people who trade them lose money. Only ever trade what you can afford to lose.