Non Custodial

NYKNYC

The Kabila Wallet is a Non-Custodial wallet.

NYKNYC is a common term in Web3, standing for 'Not Your Keys, Not Your Coins.' It serves as a crucial reminder that ownership of a crypto wallet and its assets is only secure when you, and only you, control the Private Key or Seed Phrase of the account."

And... What exactly is a Non-Custodial Wallet? 🤔

A non-custodial wallet is like having a digital piggy bank for your cryptocurrency and NFTs.

But unlike with traditional banks, you are in complete control.

You have a special key (Private Key or Seed Phrase) that only you know, and it's what lets you access your account and manage your crypto and NFTs.

Example of a 12-Word Seed Phrase

This way, you don't need to rely on any company or bank, and you have the responsibility to keep your key safe, just like you would with a real key to a safe.

Web3 is all about you being in control of your own assets. But remember...

With great power comes great responsibility!

So keep this in mind:

It's crucial to keep your Private Key secure and private. Losing your Private Key could mean losing access to your digital assets forever!

Now that you know what non-custodial wallets are, get started by creating your first Account.