# Non Custodial

**The Kabila Wallet is a Non-Custodial wallet.**

{% hint style="info" %}
**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."
{% endhint %}

### 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.

<figure><picture><source srcset="/files/KCKZk9w04fPN9yB1rbGu" media="(prefers-color-scheme: dark)"><img src="/files/42eU06zOEyowjrSSpRSr" alt=""></picture><figcaption><p>Example of a 12-Word Seed Phrase</p></figcaption></figure>

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:

{% hint style="danger" %}
It's crucial to keep your Private Key secure and private. Losing your Private Key could mean losing access to your digital assets forever!
{% endhint %}

Now that you know what non-custodial wallets are, get started by [creating your first Account.](/products/wallet/account-creation-import.md)


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