List of Top 12 Best Non-Custodial Wallets

Non-custodial wallets are at the crux of Satoshi Nakamoto’s vision of an intermediary-less financial system.

These wallets take the raw capabilities of cryptography and put it in the hands of the common person in the form of private keys.

Non-custodial crypto wallets allow you to completely manage your private keys. This means, their security is as good as your ability to keep the private key confidential.

Unlike custodial solutions, you are entirely responsible for managing your keys and assets.

There’s a detailed explainer on the differences between non-custodial and custodial wallets. Check it out later.

In this article, we will dive into the best non-custodial wallet for you. Some have you be bought, while others are as free as a piece of paper lying around.

Best Non-Custodial Wallets

MetaMask

• Trusted by over 30 million users.
• Accessible via mobile app and browser extension.
• Secured with a 12-word passphrase.
• Supports Ethereum, Arbitrum, Polygon, Binance Smart Chain, Optimism, and Avalanche.

Trust Wallet

• Supports Bitcoin and 70 other network standards.
• Available on iOS, Android, and Chrome browser.
• Features a built-in staking tool.
• Provides access to Web 3.0 dApps.

Electrum

• This Bitcoin wallet was launched in 2011.
• Offers robust security with multi-signature permissions.
• Allows offline private key storage.
• Indexes the Bitcoin blockchain for faster transactions.

Trezor

• Hardware wallet with offline private key storage.
• Includes PIN protection.
• Supports over 1,000 cryptocurrencies, including Bitcoin, Ethereum, and XRP.

Coinbase Wallet

• Non-custodial wallet backed by Coinbase.
• Ensures user control of private keys.
• Supports multiple blockchain networks.
• Offers connectivity to popular dApps like Uniswap and OpenSea.

Coinomi

• Supports 125 blockchains.
• Available on Android, iOS, and desktop (Windows and Mac).
• Features cold staking for earning income.
• Enables storage of various cryptocurrencies.

OKX

• Offers an ecosystem supporting multiple blockchains.
• Ideal for earning interest on idle crypto tokens.
• Provides access to high-yield opportunities from over 200 dApps.
• Facilitates in-wallet token swaps across thousands of cryptocurrencies.

Exodus

• Popular among long-term investors.
• Provides a user-friendly dashboard with real-time pricing.
• Accessible via mobile app, desktop software, and Chrome browser extension.

MyEtherWallet

• Specializes in storing Ethereum-based cryptocurrencies.
• Supports popular ERC20 tokens like ApeCoin, Uniswap, Aave, DAI, and Tether.
• Available as a free mobile wallet app for iOS and Android.

SafePal

• EAL 5+ secure element
• Supports over 100 blockchains

Tangem

• Credit card-sized hardware wallet
• EAL 6+ security
• No seedphrase required

Coin98

• Built-in DEX for swapping tokens
• Supports over 1000 cryptocurrencies and 10 blockchains

Useful links

• Are Blockchain Wallets Safe
• How to choose crypto wallet
• List of Top 10 Best Custodial Wallets
• How Custodial & Non-Custodial Wallets Differ

Why is Paybis Wallet not Non-Custodial?

By definition, a non-custodial wallet does not hold or manage private keys on your behalf.

Not everyone wants to manage their private keys because the intricacies of key management is a learning curve that is outside of their comfort zone.

At Paybis, we wanted to provide a solution that provides the convenience on custodial solution and offers a level of asset control and security comparable to non-custodial wallets. That is how the Paybis Wallet came to be.

Paybis Wallet is a multi-chain wallet. Therefore, you don’t have to think twice about the compatibility of a cryptocurrency — if you can buy it on Paybis, it will be supported by the wallet.

Every cryptocurrency in your Paybis wallet will have its unique address. This address belongs to you and only you. Any transaction via these addresses are verifiable on-chain, similar to a non-custodial wallet.

The Paybis Bitcoin Wallet is completely free for all.

Summing Up

The quest for personal financial autonomy is a journey that begins with the right tools.

Non-custodial wallets are quintessential apparatuses in the modern-day cryptographic financial landscape. They embody the ethos of decentralization envisaged by Satoshi Nakamoto, placing the onus of asset security squarely on the individual.

As the crypto-verse flourishes, the choice of a wallet goes beyond mere safekeeping of assets. It’s about aligning with a tool that resonates with one’s financial ethos while navigating the crypto realm with a blend of caution and convenience. The Paybis Wallet is positioned as such.

FAQs

What does non custodial mean?

In the context of crypto wallet, “non-custodial” signifies that users have exclusive control and ownership of their private keys and digital assets. No external entity, such as an exchange or service provider, possesses access to or authority over the user’s funds.

Should I use a non-custodial wallet?

The choice between a non-custodial and a custodial wallet depends on your preferences for control, security, and convenience. If you value full control and ownership of your cryptocurrency, a non-custodial wallet is recommended.

Methodology

In compiling our list of the top 12 best non-custodial wallets, we focused on various critical attributes that define the efficacy and reliability of these wallets. These attributes are crucial for users who prioritize full control and responsibility over their digital assets.

By examining these factors, our goal was to present a well-rounded perspective on each non-custodial wallet, helping users choose a wallet that aligns with their needs for security, functionality, and ease of use in the evolving world of cryptocurrency.

Written by

Sankrit K

Sankrit K is a web3 content writer and an SEO expert specializing in long-form content. He strives to add value to readers while optimizing content for search engines.