A decentralized wallet, also known as a non-custodial wallet, is a type of cryptocurrency wallet where the user has full control over their private keys and digital assets. Unlike custodial wallets, which rely on third-party service providers to manage and secure funds, decentralized wallets eliminate intermediaries, giving users complete ownership and control. Key features include enhanced security through private key ownership, greater privacy as they do not require personal information, and interoperability, allowing management of multiple cryptocurrencies. Decentralized wallet enhance financial autonomy, reduce the risk of hacks associated with central points of failure, and support financial inclusion by enabling anyone with internet access to participate in the crypto ecosystem. However, they require users to be responsible for securely storing their private keys, as losing them means losing access to their funds permanently.