Skip to main content
All DeFi WalletOnboarding
Why should I use DeFi Wallet?
Why should I use DeFi Wallet?

The advantages of using our non-custodial DeFi Wallet

Support Specialist avatar
Written by Support Specialist
Updated over a week ago

We've created the DeFi Wallet because we believe that it’s your basic human right to control your money, data, and security. The DeFi Wallet is designed to give you full control and secured custody of your crypto.

With the DeFi Wallet (a non-custodial wallet), you can send crypto to anyone around the world at your preferred confirmation speed and the network fee.

We’re also working hard to bring you decentralized finance offerings through the DeFi Wallet. Stay tuned and watch this space for updates!

Meanwhile, if you’re looking to trade, spend and grow your crypto, the App is still the easiest place to start!

What is a non-custodial wallet? DeFi Wallet is a decentralized wallet, which means you own your private keys. During wallet creation, you will have to write down your recovery phrase which when needed, you will be able to restore your funds. Having private keys means that you have full control over your funds, and you are the only one responsible for your funds.

On the contrary, a custodial wallet is a type of digital wallet which keeps a user’s private keys and provides backup and security for his/her assets. This is what our current App does.

Advantages & Disadvantages DeFi Wallet

(Non-custodial Wallet) App

(Custodial Wallet)


You have 100% control over your crypto and your private keys.

We do not require you to provide your identity so the risk of a data breach is lower.

If crypto transfers are made within the ecosystem, you will not be charged any fees.

No major effect if you lose your private keys or recovery phrase, easy to regain access again via our support team.


You need to pay a transaction fee as the transactions are on-chain and you have to wait for the transaction to be confirmed.

If you lose your recovery phase, you will not be able to access your wallet and crypto.

You need to prove your identity and perform KYC (know your customer, ID verification).

Your wallet is not fully decentralized as is the wallet custodian.

Did this answer your question?