9 Best Non-Custodial Wallet in 2024 that You Should Try

Non-custodial wallets provide cryptocurrency investors complete control over their private keys. This means that crypto tokens can be kept and transferred without intervention from external parties. Not sure what non-custodial wallet to use? This list compares the10 best non-custodial wallets based on safety, features, and more.

What is a Non-Custodial Wallet?

In the world of cryptocurrencies, a non-custodial wallet is a sort of digital wallet that gives the user entire access over their cash and private keys. In contrast to custodial wallets, which are handled by third-party service providers such as exchanges or wallet services, non-custodial wallets do not hold or control the user’s cash. Instead, the user is responsible for protecting their private keys, which they use to access and manage their cryptocurrency holdings.

In a non-custodial wallet, users often generate their own private keys and are completely responsible for keeping them secure. This can be accomplished using a variety of methods, including hardware wallets, software wallets (including mobile apps and desktop clients), and paper wallets.

Further, non-custodial wallets provide more security and control over their cash because they do not rely on third-party businesses to maintain their assets. However, this also implies that users are solely responsible for preserving their private keys from loss or theft.

Best Non-Custodial Wallet

1. Trezor

Trezor is a popular hardware wallet and one of the finest non-custodial solutions for holding huge quantities of cryptocurrency. Unlike software wallets, Trezor is always offline and never connects to live servers, making it one of the best cold wallets available. Furthermore, private keys are held on the Trezor device.

When setting up Trezor, users must select a PIN. This can range in length from 4 to 50 digits; the longer the better. Outgoing transactions are only available after entering the PIN on the Trezor device. This can be an issue for investors that trade cryptocurrencies on a daily basis.

Also, you may read Ngrave vs Trezor : Which is the best hardware wallet for you?

2. Ledger Nano

Ledger is one of the most popular wallet brands out there. One of its flagship products, Ledger Nano, allows customers complete ownership of their assets. This wallet allows you to exchange over 5,500 cryptocurrencies.

The Ledger Nano allows you to connect to a variety of other cryptocurrency exchanges and DApps. The hardware wallet has a basic design that allows users to verify transactions using the two-button screen.

The wallet contains a CC EAL5+ certified secure chip. Ledger Nano uses BOLOS, its own operating system, to safeguard user cash. During the wallet setup process, there is also a 24-word recovery step.

Also, you may read Ledger Nano S vs Trezor one vs Trezor T vs Ledger Nano X – Which one is the best?

3. Ellipal

Ellipal is a blockchain technology business that specializes in crypto security and blockchain service facilities. Ellipal Titan 2.0, one of its non-custodial wallets, uses strong security protocols to ensure safe cryptocurrency trading.

This cryptocurrency wallet allows users to access over 10,000 crypto tokens. This decentralized wallet provides a completely air-gapped operation, protecting your assets from online hackers. Ellipal Titan 2.0 uses its built-in camera to produce QR codes for transaction verification purposes.

The wallet features a dual protection layer and a CC EAL5+ secure element. Notably, Ellipal Titan 2.0 is the first metal-seared hardware wallet. Once the wallet is deconstructed, no one will be able to access your sensitive information.

Also, you may read 5 Best Crypto Wallets in Japan

4. MetaMask

MetaMask was founded in 2016 and is utilized by over 30 million cryptocurrency investors. It can be accessible via two separate devices: mobile phones and web browsers. The former features an iOS and Android app, while the latter is compatible with Chrome, Firefox, Edge, and Brave.

MetaMask is one of the best hot wallets on the market since it is connected to the internet and provides a decentralized wallet that is not accessible to centralized agencies.

Metamask, like most non-custodial wallets, is password- or PIN-protected. This must be input each time the wallet is opened. Furthermore, when users set up the wallet, MetaMask wallet generates a 12-word passphrase.

5. Trust Wallet

Trust Wallet more than makes up for MetaMask’s deficiency in terms of supported networks. Simply put, Trust Wallet supports over 70 blockchains and over 4.5 million digital assets. This includes everything from Bitcoin and XRP to Cardano, Solana, and Ethereum.

Trust Wallet also supports NFTs, making it the finest non-custodial wallet for diverse portfolios. Trust Wallet is a mobile app available for iOS and Android. It also provides a Chrome browser extension, however there is presently no support for Edge or Firefox. Trust Wallet, like MetaMask, requires users to select a password or PIN when creating the wallet.

6. Zengo

The Zengo mobile wallet allows users to purchase, sell, and trade over 120 cryptocurrencies, as well as NFTs from different blockchains.The Zengo wallet does more than just allow users to purchase, sell, and trade cryptocurrencies; it also stores them in its own custody.

Zengo users can also interact with dApps via a dedicated dApp marketplace, where connections are made securely using WalletConnect. Furthermore, its main Zengo Earn service enables users to get passive income simply by HODLing some cryptocurrency.

Also, you may read 5 Best Crypto Wallets in Germany

7. Exodus

Exodus is a popular non-custodial wallet used by both novice and professional traders. It’s extremely safe for a hot wallet, and those seeking even greater security can link it with a Trezor cold wallet, as the two firms have a cooperation.

The user-friendly wallet works on a variety of devices, including desktop software, a mobile app, and even a browser extension. You may use all of them at the same time because they all connect to the same wallet, which can store over 300 cryptocurrencies, including the most prominent ones such as Ethereum, Bitcoin, Solana, and Binance Coin.

Also, you may read 5 Best Crypto Wallets in New Zealand

8. Arctic Wallet

Arctic is a non-custodial, multi-chain cryptocurrency wallet that prioritizes decentralization and anonymity. Combining the ease of desktop and mobile apps with the dependability of cold wallets, it ensures that your money is securely saved on your device and protected by robust encryption. The Arctic team does not gather any user data and does not have access to private keys or backup files.

Arctic is particularly ideal for newbies because it has a number of familiar tools and features, including a built-in exchange with both fixed and best rates, buy/sell choices, fee modification for asset transfers, portfolio management, address book, and full transaction history tabs.

Also, you may read 5 Best Crypto Wallets in UAE

9. Ngrave

Ngrave is a high-quality hardware wallet that is straightforward to use. It’s the gold standard for hardware wallets. The graphene method is clever, and when paired with all of the security measures on the Ngrave, it gives total protection for long-term crypto cold storage. The interface is nice, and the documentation is clear. It provides a better UX than other wallets. It is recommended for long-term cryptocurrency cold storage.

Also, you may read Ngrave vs Trezor : Which is the best hardware wallet for you?

Conclusion

Non-custodial wallets are preferred by users who are concerned about the security of their private keys and do not want to give the wallet maker control over their assets.

If that’s the case, all you have to do now is choose the finest non-custodial wallet by carefully assessing your needs and what you want to use it for. Browse our list, read the reviews, and the rest of the guide, and you’ll have all the knowledge you need to make the best decision.

Frequently Asked Questions