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Noncustodial Wallet

1 GoKawiil brief on this topic

Guide warns crypto held in noncustodial wallets can be lost forever after death

A financial planning explainer details how cryptocurrency, legally treated as a digital asset rather than money, can become permanently inaccessible to heirs if owners fail to plan ahead. The piece distinguishes custodial wallets, where a third party like an exchange or bank manages assets and can transfer them more easily after death, from noncustodial wallets, where only the owner holds the passwords needed for access.