Wallet basics
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What is a self-custody Solana wallet?
Understand who controls a Solana wallet, how recovery works, and what to check before choosing a self-custody wallet like Nova.
A self-custody Solana wallet lets you control the credentials that authorize transactions. The wallet is an interface to assets recorded on the blockchain. Keeping those credentials secure is part of using it.
Who controls the crypto?
With a custodial account, a service typically controls the keys and grants you access through an account. With self-custody, you control the keys or recovery method. Nova is a non-custodial wallet: you review and approve transactions, and you are responsible for protecting your recovery details.
A wallet address and a recovery phrase are very different. An address can be shared to receive funds or view public activity. A recovery phrase or private key can give someone control of the wallet. Support should never ask you to disclose either.
What should you check before starting?
Choose the correct network for the asset you want to receive. Make sure you understand your backup method before adding a meaningful balance. Read transaction requests before signing, including the destination, token, amount, fees, and any permissions. A familiar logo or website design is not proof that a request is safe.
Self-custody gives you control, but it does not remove transaction mistakes, phishing, software vulnerabilities, or token-price risk. A confirmed transfer to an incorrect address may be irreversible. Start with a small transfer when using a new destination.
Where does Nova fit?
Nova brings token swaps, portfolio views, and public wallet activity into one Solana wallet. You can explore the app before deciding how to use it. Review its current feature details and terms in the official resources.
Next: learn how to receive SOL, then protect your recovery phrase.
Source: Nova product information