Non-custodial wallets serve as the main entry point for users opting to self-custody their assets and interact with blockchain applications. They can be accessed only through a seed phrase – a cluster of words, generated randomly by your wallet, proving the ownership of funds stored in the wallet. With a non-custodial wallet, you can execute transactions on DEXs, trade NFTs, swap tokens, earn interest, and more.
Smart wallets are non-custodial wallets controlled through smart contracts that allow for an ​​ecosystem of asset management features to be built on top. Among the most popular features are transaction batching, wallet aggregation, and paying gas fees with non-native tokens, all of which can be found on the Nexo Wallet.