Non-custodial - Revision history

MiltonPusser: /* Non-custodial */

2019-01-31T12:51:54Z

Non-custodial

← Older revision		Revision as of 12:51, 31 January 2019
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	= Non-custodial =		= Non-custodial =
	Non-custodial is the opposite of [[custodial]]. Non-custodial usually means that you (and only you) as a user, customer or client own the [[private keys]] to your funds. E.g. the Lightning [[wallet]] [[Eclair Mobile]] is a non-custodial wallet where the private keys reside on your cell phone, and as such you own your private keys. In a non-custodial set-up you do not need to trust someone else, because you are holding your keys yourself.		Non-custodial is the opposite of [[custodial]]. Non-custodial usually means that you (and only you) as a user, customer or client own the [[Keys and backups\|private keys]] to your funds. E.g. the Lightning [[wallet]] [[Eclair Mobile]] is a non-custodial wallet where the private keys reside on your cell phone, and as such you own your private keys. In a non-custodial set-up you do not need to trust someone else, because you are holding your keys yourself.

	= Lightning =		= Lightning =
	The Lightning ecosphere has custodial as well as non-custodial wallets. Even cell phone wallets can be custodial. Also [[Lightning nodes]] can be [[custodial]] if you are using someone elses [[node]], or the node can be [[non-custodial]] if you run it yourself.		The Lightning ecosphere has custodial as well as non-custodial wallets. Even cell phone wallets can be custodial. Also [[Lightning nodes]] can be [[custodial]] if you are using someone elses [[node]], or the node can be [[non-custodial]] if you run it yourself.

MiltonPusser at 12:51, 31 January 2019

2019-01-31T12:51:38Z

← Older revision		Revision as of 12:51, 31 January 2019
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	= Custodial =		= Custodial =
	Custodial usually means that someone else is holding the [[private keys]] to your funds. A [[third-party]] is holding your funds for you. Web wallets are usually custodial [[wallets]] where the web wallet operator holds the private keys and you as user, client or customer just hold the login to the web site. In a custodial set-up you do need to trust someone else, because someone else is holding the keys on your behalf.		Custodial usually means that someone else is holding the [[Keys and backups\|private keys]] to your funds. A [[third-party]] is holding your funds for you. Web wallets are usually custodial [[wallets]] where the web wallet operator holds the private keys and you as user, client or customer just hold the login to the web site. In a custodial set-up you do need to trust someone else, because someone else is holding the keys on your behalf.

	= Non-custodial =		= Non-custodial =

2620:132:300C:C01D:0:0:0:9: new page

2019-01-31T12:34:47Z

new page

New page

= Custodial =
Custodial usually means that someone else is holding the [[private keys]] to your funds. A [[third-party]] is holding your funds for you. Web wallets are usually custodial [[wallets]] where the web wallet operator holds the private keys and you as user, client or customer just hold the login to the web site. In a custodial set-up you do need to trust someone else, because someone else is holding the keys on your behalf.

= Non-custodial =
Non-custodial is the opposite of [[custodial]]. Non-custodial usually means that you (and only you) as a user, customer or client own the [[private keys]] to your funds. E.g. the Lightning [[wallet]] [[Eclair Mobile]] is a non-custodial wallet where the private keys reside on your cell phone, and as such you own your private keys. In a non-custodial set-up you do not need to trust someone else, because you are holding your keys yourself.

= Lightning =
The Lightning ecosphere has custodial as well as non-custodial wallets. Even cell phone wallets can be custodial. Also [[Lightning nodes]] can be [[custodial]] if you are using someone elses [[node]], or the node can be [[non-custodial]] if you run it yourself.