Get the extension What is a non-custodial wallet?
A non-custodial, or self-custody, wallet is one where you hold the private keys yourself. No company can freeze, move or lose your funds, and no one can restore access for you if you lose your recovery phrase.
Why it matters
Exchanges that held their customers' keys have failed or frozen withdrawals, taking customer funds with them. Self-custody removes that risk and replaces it with another: you become responsible for keeping the key safe and the recovery phrase backed up.
How Locker Protocol Wallet handles it
Locker Protocol Wallet is non-custodial, and goes one step further: even the extension on your computer does not hold the key. Locker Protocol never sees your recovery phrase, and the Vault that holds it never connects to the internet.
Questions
What is the difference between custodial and non-custodial?
Custodial: a company holds the keys and you hold an account with it. Non-custodial: you hold the keys, and the funds are yours on the chain whatever happens to the company that made the wallet.
What happens to my funds if Locker Protocol disappears?
They stay on the chains, controlled by your recovery phrase. You can restore that phrase in another wallet that supports the same standard (BIP-39).