Video: Binance Academy © Binance. Played via the official YouTube player. QubitV is not affiliated with Binance.
Lesson outline
- Custodial wallet: the service holds the keys (an exchange). Convenient, but the funds are effectively not yours.
- Non-custodial: only you hold the keys. Our picks — Rabby and OKX Wallet (transaction simulation, built-in revoking); MetaMask and Phantom (Solana) are also popular.
- "Not your keys — not your coins": the FTX and Celsius collapses and their lessons.
- When an exchange is fine, and when only your own wallet will do.
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🚧 Full write-up with screenshots coming soon.
CHECK YOURSELF
1. You keep crypto on an exchange. Who owns the keys to those funds?
2. The main advantage of a non-custodial wallet: