Home Courses Custodial vs. Non-Custodial NFTs: What’s the Difference?
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Custodial vs. Non-Custodial NFTs: What’s the Difference?

As the DeFi ecosystem grows, NFTs are becoming increasingly popular. When trading or holding NFTs or other crypto assets, there’s a choice between using either custodial services or non-custodial services. A custodial service owns the private key to your wallet and holds your assets in custody. The Binance NFT Marketplace is an example of a custodial NFT […]

Updated March 23, 2022

About Course

As the DeFi ecosystem grows, NFTs are becoming increasingly popular. When trading or holding NFTs or other crypto assets, there’s a choice between using either custodial services or non-custodial services. A custodial service owns the private key to your wallet and holds your assets in custody. The Binance NFT Marketplace is an example of a custodial NFT platform that you can log into with a registered account.
A non-custodial service gives users complete control over their wallets and digital assets. Users can trade their NFTs directly from their wallets. This creates a market without the need for intermediaries. That’s what you will find on Featured By Binance, Binance’s non-custodial NFT platform. By minting NFTs on the blockchain, creators are establishing a direct relationship with their fans free of any platform risks.
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Course Content

Custodial vs. Non-Custodial NFTs: What’s the Difference?
As the DeFi ecosystem grows, NFTs are becoming increasingly popular. When trading or holding NFTs or other crypto assets, there’s a choice between using either custodial services or non-custodial services. A custodial service owns the private key to your wallet and holds your assets in custody. The Binance NFT Marketplace is an example of a custodial NFT platform that you can log into with a registered account. A non-custodial service gives users complete control over their wallets and digital assets. Users can trade their NFTs directly from their wallets. This creates a market without the need for intermediaries. That’s what you will find on Featured By Binance, Binance’s non-custodial NFT platform. By minting NFTs on the blockchain, creators are establishing a direct relationship with their fans free of any platform risks.

  • Introduction
  • What is a crypto wallet?
  • What is a custodial crypto wallet?
  • What is a non-custodial crypto wallet?
  • Which wallets can I use with NFTs?
  • How do I buy an NFT with my wallet?
  • Decentralized platforms (non-custodial)
  • NFT marketplaces (custodial)

How do I mint or sell an NFT using my wallet?

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Disclaimer

Our crypto assets concerned are not considered financial instruments, electronic money, structured deposit, and the activities carried out are not considered regulated activities Cryptocurrency assets has relatively huge fluctuations in their prices. Please do judge your own investment capabilities rationally and make your investment decisions cautiously. The information and analysis contained in KRYZA sites and social sites,groups reflect the privacy of the authors and is not an investment analysis or investment advice. When making any investment decision, the suitability of the given investment can only be determined by an examination tailored to the person of the given investor, for which the author of the post does not undertake and is not suitable. Therefore, before each investment decision, find out in detail and from several sources, if necessary, consult your personal investment advisor!