Glossary
Self-custody
Also called: non-custodial
Holding your own keys, so no company can freeze, lend or lose your funds — and no company can restore them if you lose the seed phrase.
See also
CustodialAn arrangement where a platform holds the keys and your balance is a claim against that platform, much like a bank balance. Convenient, reversible by them, and dependent on their solvency.
Seed phraseTwelve or twenty-four ordinary words that regenerate every private key in a wallet. It is the wallet, not a password for it: whoever types those words into any compatible wallet has the funds.
Last checked 19 Oct 2026.