We've created the Crypto.com DeFi Wallet because we believe that it’s your basic human right to control your money, data and security. The Crypto.com DeFi Wallet is designed to give you full control and secured custody of your crypto.
With the Crypto.com 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 Crypto.com DeFi Wallet. Stay tuned and watch this space for updates!
Meanwhile, if you’re looking to trade, spend and grow your crypto, the Crypto.com App is still the easiest place to start!
What is a non-custodial wallet?
Crypto.com 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 Crypto.com App does.