![Crypto Terms Glossary: What is Custodial Wallet? Crypto Terms Glossary: What is Custodial Wallet?](/img/106/382/what-is-custodial-wallet-sm.webp)
A custodial wallet is a type of cryptocurrency wallet where a third party holds a user's private keys and cryptocurrency funds. With a custodial wallet, a user must trust a third party to secure their funds and return them upon request. The most common custodial wallets are web-based exchange wallets.
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