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Non-Custodial / Self-Custodial / Unhosted / External / Private Wallet

A wallet is used to store virtual currency. Non-custodial means the owner of the wallet has complete control over the wallet as they have the private key. The key is needed to conduct transfers. 

A custodial wallet is the opposite. The wallet owner does not have access to the key, the VASP does.

Check out these posts to learn more about unhosted wallets; 

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