Self-custody wallet
A wallet where you alone hold the private keys or recovery phrase, as opposed to an account at an exchange or casino.
In a self-custody (non-custodial) wallet, you control the private keys. Nobody can freeze or move the funds without them. A casino balance or exchange account is custodial: the company holds the keys and owes you a balance.
Why it matters
Money sitting in a casino balance is only as safe as the casino. Withdrawing to a self-custody wallet ends that exposure. It also gives you a clear record: you can see exactly when funds arrive on-chain.
Trade-offs
- You are responsible for backups. Lose the recovery phrase and the funds are gone.
- You must pick the right network yourself and pay network fees.
- Some exchanges and casinos apply travel rule checks when sending to self-custody addresses, which may mean confirming that the wallet is yours.
Good practice
Write the recovery phrase on paper or metal, store it securely, never photograph it, and never enter it on any website. No legitimate casino or support agent will ask for it.