Hosted vs. Self-Custody Wallets: A Beginner's Guide to Choosing Your First Cryptocurrency Wallet. AI-Generated.
Welcome to the exciting world of cryptocurrency! As you embark on your crypto journey, one of the first and most crucial decisions you'll face is choosing the right cryptocurrency wallet. You've likely heard terms like "hosted," "custodial," "self-custody," or "non-custodial," and it can all seem a bit overwhelming. Don't worry! This guide is designed for beginners to break down these concepts in simple terms, helping you understand the differences, pros, cons, and ultimately, which type of wallet is right for you.