A non-custodial wallet isn’t managed or controlled by any third-party company, platform or other custodian. Instead, you have full control over your own funds and can move or use them any way you want.

Like other non-custodial wallets, Coin Cloud provides your own private keys and easy-to-use 12-word recovery phrase. Keep this recovery phrase (or “seed phrase”) safe, and you’ll never lose access to your wallet or your money … even if you lose your phone, change wallet providers, or upgrade your device.

You may have heard the phrase, “Not your keys, not your coins.” That’s because custodial wallets don’t give you access to your private keys or 12-word recovery phrase. You can’t move your wallet to a different platform, buy or sell what you want, send or receive the way you want, or ultimately control your own funds.

Custodial wallets are generally offered by websites, online exchanges and payment processors. You get login info to access your funds, but they’re housed in a third-party account. If the website gets hacked, you could easily lose all your digital currency.

Coin Cloud machines are compatible with any crypto-friendly digital wallet that has a QR code function. For the fastest, most streamlined experience, we recommend the custom-tailored Coin Cloud Wallet app. Not only is it a flexible, extremely secure non-custodial wallet, but it also works seamlessly with Coin Cloud DCMs, and faster than any other wallet options.