Using traditional custodial wallets carries many risks, such as hacking attacks or wallet companies running away, which can cause users to lose their digital assets. To solve these problems, non-custodial decentralized wallets have emerged. They keep the private key on the user's local device, allowing users to fully control their digital assets and avoid the risk of asset loss.

Non-custodial decentralized wallets like #PhoenixWallet are designed to protect users' digital assets. They not only provide the advantages of non-custodial decentralized wallets, but also periodically transfer assets from custodial wallets to Phoenix Wallet for safekeeping, providing users with a more comprehensive protection for their digital assets, just like a user's safe box.