A crypto wallet is a tool, typically in the form of software, that enables you to easily view a list of your digital assets, manage them, and help safeguard them. Note that with crypto wallets, your assets are recorded on a blockchain and only displayed in the wallet—not stored there.

Your non-custodial wallet holds the private keys needed to sign crypto transactions, and gives you full control over those private keys, which are essential for accessing and managing your crypto. Unlike custodial wallets, where a third party holds the private keys, non-custodial wallets allow users to be the sole custodian of their keys. This means that only the user has the ability to sign transactions, making it more secure and private; however, it also means that if a user loses their private key or recovery phrase, they may permanently lose access to their assets. Because all crypto assets exist on a public or private blockchain, access to them depends on control of the corresponding private keys.

Non-custodial wallets can be software-based, like mobile apps, or hardware devices designed for enhanced security. There are several types of crypto wallets and no limit to the number of wallets you can own.

Sky Balances is has a web-based crypto wallet, a non-custodial tool that displays your Sky-related asset balances by receiving information from the non-custodial crypto wallet that you import to Sky wallet to access the Sky Protocol.