Unhosted Wallet
In their Interpretive Letter #1172, the Office of the Comptroller of the Currency (OCC) defines an unhosted walletA wallet is a device (a hardware device, a program, or servi... More as “one where an individual owner of a cryptocurrencyA cryptocurrency (or crypto currency) is a digital asset des... More maintains control of the cryptographic keys for accessing the underlying cryptocurrency.”
Unhosted wallets are also sometimes referred to as “self-hosted wallets,” “private wallets,” and “personal wallets.”
Note: These are non-technical definitions meant for a general audience and should not be used as legal definition