Yeah I obviously didn’t know that. Now I do. Why would I use one at all? I’d rather not lose anything.

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Discussion

How do I know when something is a custodial wallet?

If you don’t hold the keys then it’s custodial.

Thanks for the info (I’d zap you, but I have no money).

Is Coinbase custodial? What about Bitkey?

Coinbase is custodial until you withdraw to a non custodial wallet. Bitkey is not custodial.

I use a custodial wallet but I don’t have a significant amount of sats on it