The difference between CCECash (semi-custodial exchange) and non-custodial wallets lies in their core functionality, custody model, and user control.
CCECash focuses on cryptocurrency exchange services for asset exchange/trading (e.g. BTC to ETH). Acts as an intermediary to facilitate transactions, but temporarily holds user funds during the transaction. Users must send cryptocurrency to a CCECash address to initiate the exchange. During the processing, CCECash controls the funds. Users rely on CCECash to complete the transaction.
Non-custodial wallets: (e.g. MetaMask, Ledger, Trust Wallet). Allows users to securely store, send, and receive cryptocurrency while fully controlling their private keys. Users always control their private keys and funds. Transactions are signed directly from their wallets (e.g. MetaMask) without the involvement of a third party.
CCECash: Focuses on fast, automated exchanges (usually cross-chain) without the need to register a real name. Does not provide storage or portfolio management tools. Best for quick and simple exchange between cryptocurrencies (e.g. BTC to XMR) and minimizes transaction friction. Suitable for users who prioritize speed rather than full self-custody.
Non-custodial wallet: Store assets and interact directly with decentralized applications (dApps) or decentralized exchanges (DEX) such as Uniswap. Allow users to pledge, borrow and lend through DeFi protocols without giving up custody. A must-have tool for long-term storage, participation in DeFi, NFT management, or interaction with DEX. Ideal for users who prioritize full ownership and decentralization.
CCECash is a temporary custodian for swaps and is more suitable for fast transactions.
Non-custodial wallets prioritize full user control and are the foundation of decentralized finance (DeFi). For true self-custody, non-custodial wallets can be paired with decentralized exchanges (DEX) such as Uniswap.