Non-Custodial Wallet

A non-custodial wallet (decentralized wallet) is software in which you alone hold your cryptographic private keys and are responsible for storing them securely, and a non-custodial wallet can interact directly with the blockchain or a blockchain-based application such as D5. When you are setting up a non-custodial wallet, there is no software provider account, so you must write down the recovery phrase (e.g., mnemonic) that you provided when you created the wallet. Because no third-party provider can give you access to the wallet if you forget your private key or recovery phrase.

Get a non-custodial wallet:

  1. Download the wallet app to your phone or visit your web browser directly to start setting up your account, etc.
  2. Create an address and write down your recovery phrase (mnemonic), some wallets may prompt you to back up your recovery phrase to your phone. Always remember that anyone who has access to your recovery phrase can access your wallet. Do not share your recovery phrase with others.
  3. Connect your fiat sources to your wallet. Depending on the wallet, you can convert the fiat in your wallet to cryptocurrency with different options.

Common non-custodial wallet include: ***Metamask,*** Coinbase Wallet