Non-Custodial
A non-custodial, or self-custodial, approach to holding bitcoin means you alone control your private keys—no exchange or other third party can access your funds or monitor your transactions. This independence protects you from censorship, loss of privacy, and potential confiscation by custodians or authorities.
With full control, though, comes full responsibility. If you lose your private keys, the bitcoin is unrecoverable; there’s no recourse or way to reverse the loss. To safeguard your assets, consider creating backup copies, spreading your holdings among different wallets, or implementing multisignature setups to add security while remaining self-sovereign.