Is Nansen custodial? Who holds your funds?
Partly. Nansen uses an embedded wallet: a wallet provider secures the keys inside the app, and you can export them to take full control (checked Oct 29, 2026). Nansen code dexsheet2 (10% off Pro + lower fee).
Checked 2026-10-29 · 3 sources- Trading uses the embedded Nansen Wallet, powered by Privy; Nansen's help center says it is non-custodial and Nansen never accesses the keys. You cannot connect or import an external wallet for trading, only deposit from one.
- Non-custodial does not mean risk-free. Smart-contract bugs, phishing and malicious approvals can still lose funds.
- We list 1 reported incident for Nansen on its legit check.
Sources: Nansen Academy: Referral Program FAQ · Nansen User Referral Program Terms (updated 2026-06-08) · Nansen Academy: Security, trust and troubleshooting. The venue's own page wins if it disagrees with ours.
Nansen
Trading terminal · 1.5% round trip. Nansen is an onchain analytics platform, known for its wallet labels and Smart Money tracking, that now also lets you trade: spot swaps on Solana, Base, Robinhood Chain, BNB Chain and Arc, and perps on Hyperliquid. Trades run from an embedded Nansen Wallet, and analytics are free with limits or $49 to $69 a month on Pro.
Full Nansen sheet: fees, custody, incidents →
More on Nansen: Overview · Referral code · Fees · Is it legit? · Alternatives · US alternatives · Available in the US? · Mobile app? · Custodial? · Supported chains