MetaMask: a self-custody wallet
A self-custody wallet, or a non-custodial wallet, is a type of cryptocurrency wallet where you as a user are in full control of your private keys. This means that you are responsible for the safekeeping of your own keys and have full access to your funds without the need for a third party or an intermediary.
With self-custody wallets, users can generate and store their own private keys and sign transactions on the blockchain themselves without the need to rely on a centralized intermediary. This provides users with more control over their funds and greater security.
Examples of self-custody wallets include the following:
- Hardware wallets such as Trezor or Ledger
- Software wallets such as MyEtherWallet or MetaMask
- Paper wallets, where private keys are written down on a piece of paper
It is important to note that self-custody wallets come with the added responsibility of keeping the private key safe. If the private key is lost...
