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Non-custodial

By CoinGecko | Updated on Mar 03, 2020
It is a decentralized type-of-wallet, where the users owns its private keys. Having the private keys equals to you owning full control of your funds but the danger is if you lose your private keys, you will lose your funds forever.

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Related Terms

Tangle
The name for IOTA's Directed acylic graph (DAG) based transaction settlement layer.
Non-custodial
It is a decentralized type-of-wallet, where the users owns its private keys.
Ledger
A record of financial transactions that cannot be changed, only appended with new transactions.
Sim Swapping
It is a tactic where hacker overtake the mobile phone to exploit the two-factor authentication and two-step verification.
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