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Non-custodial wallet

What does Non-custodial wallet means?

It’s a crypto wallet that removes third-party token management to give you sole control of your private keys and funds. While non-custodial wallets are more secure than their custodial counterpart, you’re responsible for securing your wallet. Although non-custodial wallets might come as web or mobile apps, most people prefer to use more secure hardware wallets.

Examples of non-custodial wallets

  1. Ledger Nano S
  2. Terozor Model One
  3. Steel Bitcoin wallet

Random Slangs

IDO

IDO stands for “initial DEX offering.” DEX, in this case, is an acronym for “decentralized exchange.” Therefore, IDO is a form of an initial crowdfunding

Degen

Short for “degenerate”, usually refers to people who often make risky bets. In the crypto space, it usually refers to people who invest in digital assets like NFTs by “ape-ing” in and without doing due diligence.

Ape-ing (into something)

When you ‘ape into’ something, it means that you’re buying something in an irresponsible manner and typically out of “FOMO”, and/or without doing your due diligence.

Cryptocurrency

This is an ungoverned cryptographic digital currency that exists on a decentralized ledger. You can use cryptocurrencies to purchase digital and physical items. However, transactions

Reward pool

Refers to token storage that rewards people for participating in token staking or sometimes crypto campaign, usually a P2E game. The reward pool typically contains

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