Custodial vs non-custodial wallets
The difference between a custodial wallet like Mavunta and a non-custodial wallet where you hold the keys.
Crypto wallets come in two types, and the difference is about who holds the keys.
Custodial wallet
A platform holds the keys for you, like your Mavunta wallet. You sign in with your account, and security comes from your password, PIN, and 2FA. It is simpler, and you can recover access if you lose your phone.
Non-custodial wallet
You hold the keys yourself, usually as a seed phrase. You have full control, but if you lose the seed phrase, no one can recover your funds.
Which is right for you?
- A custodial Mavunta wallet is simpler for buying, selling, P2P, and everyday use.
- A non-custodial wallet gives self-custody but puts full responsibility on you.
Many people use both: Mavunta for buying and trading, and a personal wallet for long-term self-custody.