What is a non-custodial wallet?

What is a non-custodial wallet?

May 30, 2023

Metal Pay is a custodial wallet. A custodial wallet is similar to a bank where another party takes custody of your assets and allows you to access them with id verification (username/password). With Metal Pay, any crypto you purchase is securely custodied by Metallicus and registered to each user on a ledger. If you forget your password or lose all access to your account, Metallicus can assist you to regain access to your funds. 

Other wallets like WebAuth are non-custodial wallets. With a non-custodial wallet, the individual is responsible for the custody of their own assets which means they must store their private key and/or seed phrase in a safe and private location. If you lose your keys you lose access to your cryptocurrency. However, you also have full control of your assets and can hold or transfer them at any time you wish without the need for an intermediary.

The compliant way to crypto. Low fees on debit and credit card purchases. No shady price spreads. 24/7 live support. Available in the US, Australia & New Zealand.

Metal Pay is a service of Metallicus, Inc., a licensed provider of money transfer services (NMLS ID: 2057807).

All money transmission is provided by Metallicus, Inc. pursuant to Metallicus, Inc.’s licenses, and/or the applicable law depending on the jurisdiction. © 2025 Metallicus, Inc.

License issued to Metallicus by the Louisiana Office of Financial Institutions does not cover the exchange or transmission of virtual currency.

The compliant way to crypto. Low fees on debit and credit card purchases. No shady price spreads. 24/7 live support. Available in the US, Australia & New Zealand.

Metal Pay is a service of Metallicus, Inc., a licensed provider of money transfer services (NMLS ID: 2057807).

All money transmission is provided by Metallicus, Inc. pursuant to Metallicus, Inc.’s licenses, and/or the applicable law depending on the jurisdiction. © 2025 Metallicus, Inc.

License issued to Metallicus by the Louisiana Office of Financial Institutions does not cover the exchange or transmission of virtual currency.

The compliant way to crypto. Low fees on debit and credit card purchases. No shady price spreads. 24/7 live support. Available in the US, Australia & New Zealand.

Metal Pay is a service of Metallicus, Inc., a licensed provider of money transfer services (NMLS ID: 2057807).

All money transmission is provided by Metallicus, Inc. pursuant to Metallicus, Inc.’s licenses, and/or the applicable law depending on the jurisdiction. © 2025 Metallicus, Inc.

License issued to Metallicus by the Louisiana Office of Financial Institutions does not cover the exchange or transmission of virtual currency.