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Crypto Wallets Beginner Guide: Custodial vs Self-Custody

Crypto wallets explained: custodial vs self-custody, seed phrases, and a beginner-safe setup checklist.

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In this guide

Quick navigation: Wallet confusion is normal. This guide explains what a wallet is, what a seed phrase does, and a safe beginner path.

What is a crypto wallet?

A wallet is a way to control crypto addresses and sign transactions. Some wallets are apps you control; others are accounts held by exchanges.

Custodial vs self-custody

Custodial: the exchange controls the keys. Self-custody: you control the keys (and the responsibility). Beginners often start custodial, then move to self-custody once confident.

Seed phrase basics

A seed phrase is the backup that can restore your wallet. If someone gets it, they can take your funds. Never share it. Store it offline.

Beginner-safe setup checklist

Enable 2FA, use strong passwords, start small, verify addresses, and don’t rush into unfamiliar DeFi apps.

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FAQ

Where do I go next?

Use the related links above to move to the next hub page or the Crypto YouTube Show pillar.

Is this financial advice?

No. Educational purposes only. Always do your own research and manage risk.

Educational purposes only. Not financial advice.
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