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Non-custodial Wallets

In a non-custodial wallet, the private key is held by the owner of the wallet. Whoever holds the private key also has control of the funds in the wallet, but is also responsible for not losing it, since this will usually lead to losing the funds. This contrasts from a custodial wallet, where the key is controlled by a custodian (typically a cryptocurrency exchange.)

Note: These are non-technical definitions meant for a general audience and should not be used as legal definition
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