Plug Wallet is a non-custodial wallet. This means that users retain full control over their private keys and funds at all times. The private keys are stored locally on your device, and Plug Wallet does not have access to or store these keys on its servers.
Because Plug Wallet never has access to your private keys, it cannot access your funds, ensuring that only you have control over your assets. This makes Plug Wallet inherently more secure than custodial solutions like centralized exchanges, where users’ private keys and funds are held by the exchange. In those cases, users must trust the exchange’s security protocols and risk potential breaches or withdrawal restrictions.
With Plug Wallet, the security of your assets depends entirely on how safely you manage your private keys and seed phrases. As long as you protect your keys, no one else, including Plug Wallet, can access or control your funds.