Custodial Wallet
WalletsUpdated: October 15, 2025
Also known as: Hosted Wallet, Exchange Wallet
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A wallet where a third party holds the private keys for you
A wallet where a third party (e.g., an exchange) holds the private keys for you.
Custodial wallets offer convenience and ease of use but require trusting the service provider with your funds. Most cryptocurrency exchanges provide custodial wallets for their users, managing the private keys on their behalf.