A custodial address is a blockchain address provided, owned, and managed by a Financial Institution or a Digital Asset Platform, such as Gemini, Kraken, Coinbase, Crypto.com.
In most cases, users do not hold the private keys for those custodial addresses.
A non-custodial / private address is a blockchain address fully controlled by the user. Addresses generated by hardware wallets, like Trezor or Ledger, are typical non-custodial addresses.
Addresses on any wallet software where the private keys are controlled by the user should also be considered non-custodial addresses. This includes Coinbase Wallet, DeFi Wallet by Crypto.com and Binance Web3 Wallet.
In most cases, users hold and control the private keys for those non-custodial addresses.
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