Non-custodial wallet is a crypto storage wallet with private key that is entirely under the owner’s or user’s control. For users who want complete control over their funds or assets, non-custodial wallets are the best choice. This is because users can directly carry out crypto transactions without the need for intermediaries, in contrast to custodial wallets which require intermediaries such as centralized exchanges to process transactions.
This wallet is a good choice for traders and investors who know how to protect private keys and seed phrases.
You need a non-custodial wallet to interact with decentralized exchanges (DEX) or decentralized applications (DApps) such as Uniswap or PancakeSwap. MetaMask is an example of this kind of wallet. However, you are fully responsible for keeping the seed phrase and private key safe.