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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 […]

Instructor Gergő Várhegyi
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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