Custody is a property of the fund path
Assess who can move funds, for what purpose, for how long, under which contract or deposit instructions, and what happens if execution fails.
Non-Custodial Crypto Swaps Explained
A route-by-route framework for assessing fund control, signatures, approvals, deposit addresses, providers, refunds, and self-custody claims.
What you need to know
Wallet signatures
A self-controlled wallet can sign approvals and transactions, but each prompt grants specific authority. Verify network, spender, asset, amount, and action.
Contracts and solvers
Smart contracts, bridges, exchanges, and solvers can participate in execution. Their rules and control surface must be understood before applying a custody label.
Provider deposit addresses
A deposit workflow sends assets to active instructions for processing. Review provider terms, route receipt, timing, recovery, refund, and destination handling.
Do not combine unrelated claims
Non-custodial does not mean no KYC, no account, no wallet connection, private, anonymous, instant, or cheapest.
Why the custody claim stays route-specific
Custody can differ across the tools and steps in an active route, so Sasquatch explains the fund path without labeling every route non-custodial.
Related routes
Non-Custodial Crypto Swaps Explained FAQs
Who holds funds during a swap?
It depends on the selected wallet, contract, bridge, exchange, solver, or deposit workflow.
Does signing from my wallet prove full self-custody?
No single step proves the entire route model. Review approvals, contracts, providers, and recovery behavior.
Why not label every DEX route non-custodial?
Aggregated routes can contain multiple tools and execution steps that need separate classification.