Question 1

What is a self-custodial wallet?

Accepted Answer

A self-custodial wallet is a crypto wallet where you — and only you — control the private keys to your funds. Unlike exchange wallets (custodial wallets) where a company like Coinbase or Binance holds your keys, a self-custodial wallet means no third party can access, freeze, or move your crypto. bonuz is fully self-custodial: your keys are secured with MPC technology and never stored or controlled by bonuz.

Question 2

What is the difference between self-custodial and custodial wallets?

Accepted Answer

With a custodial wallet (like a Coinbase or Binance account), the exchange holds your private keys. You trust them to keep your funds safe — but if the exchange is hacked, freezes withdrawals, or goes bankrupt (like FTX or BlockFi), you can lose everything. With a self-custodial wallet like bonuz, you hold your own keys. No company can access your funds. The tradeoff used to be complexity (seed phrases), but bonuz eliminates that with MPC technology.

Question 3

How does bonuz implement self-custody without seed phrases?

Accepted Answer

bonuz uses MPC (Multi-Party Computation) technology powered by Web3Auth. Instead of generating a single private key and encoding it as a 12- or 24-word seed phrase, bonuz splits your key into encrypted shares distributed across multiple secure environments. No single share — and no single party — can access your wallet. You sign in with your email, Google, or Apple ID, and the MPC protocol reconstructs your signing capability without ever assembling the full key in one place. This gives you true self-custody without the risk of losing a seed phrase.

Question 4

Could what happened with FTX happen with bonuz?

Accepted Answer

No. FTX was a centralized exchange that held customer funds in custodial wallets. When FTX collapsed, users could not withdraw because FTX controlled the keys. bonuz is fundamentally different — it is a self-custodial wallet. bonuz never holds, controls, or has access to your private keys or your funds. Even if bonuz as a company ceased to exist tomorrow, your crypto would remain accessible because your keys are yours. This is the core principle of self-custody.

Question 5

What happens to my crypto if bonuz disappears?

Accepted Answer

Your crypto remains safe and accessible. Because bonuz is self-custodial, your private keys are not stored or controlled by bonuz. The MPC key shares are distributed across multiple independent environments, including your device and the Web3Auth network (trusted by over 50 million users). Even if bonuz shut down, the Web3Auth infrastructure and your device share would allow you to recover your wallet. Your assets live on the blockchain, not inside the bonuz app.

Question 6

Is self-custody safe for beginners?

Accepted Answer

With bonuz, yes. Traditional self-custodial wallets require you to write down seed phrases and store them securely — one mistake and your funds are gone forever. bonuz eliminates this risk entirely. You sign in with your email, Google, or Apple ID. No seed phrases to lose. If you lose your phone, you sign in on a new device and your wallet is restored. bonuz makes self-custody as simple as using any regular app, while keeping you in full control of your keys.

Question 7

Do I actually own my private keys with bonuz?

Accepted Answer

Yes. You are the sole owner of your private keys. bonuz uses MPC technology to split your key into encrypted shares — but you are the only person who can authorize transactions. bonuz cannot sign transactions on your behalf, cannot access your funds, and cannot freeze your wallet. This is true self-custody: your keys, your crypto, no exceptions.

Question 8

Why should I use a self-custodial wallet instead of keeping crypto on an exchange?

Accepted Answer

Exchanges can be hacked, freeze withdrawals, or go bankrupt — as seen with FTX, BlockFi, Celsius, and Voyager. When you keep crypto on an exchange, you are trusting a third party with your funds. A self-custodial wallet like bonuz puts you in full control. No one can freeze your assets, block your transactions, or lose your funds through mismanagement. The crypto principle 'not your keys, not your crypto' exists for a reason.

Question 9

What chains does the bonuz self-custodial wallet support?

Accepted Answer

bonuz supports 11+ blockchain networks including Bitcoin, Ethereum, Solana, Base, BNB Chain, Polygon, Arbitrum, Avalanche, Optimism, and more. All chains are accessible from a single wallet with one login. You maintain full self-custody across every supported network.

Question 10

How is bonuz different from MetaMask or Trust Wallet?

Accepted Answer

Like MetaMask and Trust Wallet, bonuz is self-custodial — you own your keys. The key difference is that bonuz eliminates seed phrases entirely using MPC technology. MetaMask and Trust Wallet still rely on 12-word seed phrases, which are the #1 cause of crypto loss for everyday users. bonuz also offers gasless core ecosystem actions via ERC-4337, built-in DEX aggregation across 5 providers, 24 app languages, and a Hacken audit score of 10/10.

Question 11

Is the bonuz self-custodial wallet free?

Accepted Answer

Yes. bonuz is free to download and free to use. There is no subscription, no premium tier, and no hidden fees from bonuz itself. Standard blockchain gas fees apply for on-chain transactions, but bonuz sponsors gas for many core ecosystem actions through account abstraction (ERC-4337), making many interactions completely gasless.

Question 12

Can I create multiple self-custodial wallets in bonuz?

Accepted Answer

Yes. bonuz lets you create unlimited wallets from the same social login. You can separate wallets for savings, spending, trading, or any other purpose — all self-custodial, all secured with MPC, and all managed from one account. No additional seed phrases needed for any of them.

Feature	bonuz	MetaMask	Trust Wallet	Zengo
Self-Custodial	✅ Yes	✅ Yes	✅ Yes	✅ Yes
No Seed Phrase	✅ MPC	❌ 12-word SRP	❌ 12-word SRP	✅ MPC
Multi-Chain	✅ 11+ chains	✅ ~14 native chains	✅ 100+ chains	⚠️ ~14 chains
Built-in DEX	✅ 5 aggregators	✅ MetaMask Swaps	✅ Yes	✅ Yes
Gasless Actions	✅ Core ecosystem actions	❌ No	⚠️ FlexGas on select networks	❌ No
App Languages	✅ 24	⚠️ Multiple	⚠️ 8+	⚠️ ~10
Security Audit	✅ Hacken 10/10	⚠️ No public score	⚠️ No public score	⚠️ No public score
Unlimited Wallets	✅ Yes	✅ Yes	✅ Yes	❌ No

What	Auditor	Result
Smart contracts	Hacken	10/10 score
Key infrastructure	Halborn & NCC Group	Verified
Operational security	SOC 2 Type II	Certified

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