What does Non-Custodial mean?
In crypto, if you do not have the private key to your wallet, then you do not truly own your coins. Someone else is in custody of them.
For example, when you deposit coins into your address on an exchange, they have the private key to that wallet, not you. So if they decided one day to not allow you to withdraw your funds, you’re out of luck.
However, a wallet like Sprout is non-custodial, which means you have control over your funds at all time. You can access them from anywhere in the world, as along as you have access to the blockchain.
This feature is very beneficial to the user. “Not your keys, not your crypto.”