Custody

Hardware wallet

A device designed to keep private keys isolated.

What it means

Hardware wallets sign transactions while keeping keys away from normal internet-connected software.

Why it matters

They reduce some malware risk but do not protect against approving a bad transaction or losing the recovery phrase.

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Custody

Self-custody

Holding the keys needed to move crypto assets yourself.

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Custody

Seed phrase

A recovery phrase that can restore wallet keys.

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Custody

Hot wallet

A wallet connected to an internet-facing device or browser.

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