What is a Non-Custodial Exchange?. A non‑custodial exchange lets you trade without giving up your keys, usually through a DEX or aggregator.
How it works
You approve token spending and sign swaps; contracts execute and return assets directly to your wallet.
Why it matters
Self‑custody reduces counterparty risk while keeping markets accessible.
Common pitfalls
- Approving malicious routers
- Forgetting to revoke allowances
- Trading thin pairs with large orders
Quick example
You aggregate quotes from several DEXs and execute the best route without depositing funds to an exchange.
See also
- DEX
- Wallet
- Allowances
TL;DR: What is a Non-Custodial Exchange? defined in plain English with practical next steps.
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