Self-custody in plain English
With self-custody, the user controls the ability to authorize blockchain activity rather than depending on an exchange or custodian to approve withdrawals from an internal account balance.
Different wallet systems implement authorization differently, so users should understand the specific architecture of the wallet they use.
The trade-off is responsibility
- Verify destination addresses
- Protect account and device access
- Understand blockchain network selection
- Treat phishing and social engineering as serious risks
- Do not expect blockchain transactions to behave like reversible card payments
How VaultFi approaches it
VaultFi’s core wallet is designed around customer-authorized non-custodial signing. VaultFi-controlled services are identified separately rather than being described as identical to the core wallet.