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

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: 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.
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.
Enable 2FA, use strong passwords, start small, verify addresses, and don’t rush into unfamiliar DeFi apps.
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No. Educational purposes only. Always do your own research and manage risk.