![]() For instance, when you create an account on a crypto exchange, this is a custodial wallet. Non-custodial means that you didn't give a third party the ownership of your wallet's private key.Phantom wallet falls into the hot, software, non-custodial category, meaning the following: software), or by ownership of your private key ( custodial vs. For example, we can divide them by connectivity ( cold vs. ![]() There are many ways we can divide crypto wallets. Phantom: Solana Crypto Trading In Your Web Browser Effectively, this wallet is your starting point for interacting with Solana, the so-called Ethereum-killer. The best wallet to use with Solana is Phantom. However, because these blockchain networks stand apart, each uses different crypto wallets. Solana provides the same service, only better-super low fees, and greatly faster transactions. You may have heard of Ethereum, a network infrastructure that recreates banking functions without banks.
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