What it means
A wallet where you, not a company, control the key, so only you can move what's in it.
The app gives you a way to see and use your money, but it can't freeze it or spend it. If the app disappeared, you could still reach your funds with your key.
How it works
Defied is a non-custodial wallet. We never hold your money and we can't move it.
Related terms
| Term | What it means |
|---|---|
| Self-custody | Holding your money yourself, in a wallet only you control, instead of trusting a bank or exchange to hold it. |
| Custodial wallet | A wallet where a company holds the keys and your money for you, the way an exchange or a bank app does. |
| Private key | The secret that proves a wallet is yours and signs every payment from it. Whoever has it controls the wallet. |
This glossary explains terms in general. It isn't investment, tax or legal advice.