AurusA wallet where you alone hold the private keys. The app runs on your device, generates the keys there, and never sends them to the company that made it. Not the developer, not an exchange, not someone asking the developer nicely. Nobody else can move your funds because nobody else has the keys.
How it works
When you create the wallet, the app gives you a recovery phrase, usually 12 or 24 words. Every key in your wallet is derived from them. Your assets live on the blockchain. The phrase is what proves they're yours. Type it into any compatible wallet and your funds show up, because the chain is the source of truth, not the app.
The opposite is keeping coins on an exchange, where they hold the keys and you hold an IOU. Custodial vs non-custodial covers the trade-offs.
What it means day to day
- Nobody can freeze your account. There isn't one. Keys on your phone, assets on-chain.
- No limits, no approvals. You sign, it goes to the network.
- It's on you. Lose the phrase and the device, and no support team can help. See what happens if you lose your recovery phrase.
Is Aurus non-custodial?
Yes. Keys are made and kept on your phone, we never see your phrase, and we can't touch your funds under any circumstances. One phrase is a profile in Aurus, and you can have as many as you like in the app, each with its own wallets, plus imported private keys, watch-only addresses, and a Ledger if you want the keys off the phone entirely. More in the launch post.
