Is OpenSea custodial? Who holds your funds?
No. OpenSea is listed as non-custodial: your funds stay in a wallet you control, not with the venue (checked Oct 29, 2026). OpenSea code 24G693 (10% off fees).
Checked 2026-10-29 · 3 sources- OpenSea's terms say it never has custody of your assets. You can connect your own wallet, or sign up with email and get an embedded wallet provided by Privy (a third party).
- Non-custodial does not mean risk-free. Smart-contract bugs, phishing and malicious approvals can still lose funds.
- We list 4 reported incidents for OpenSea on its legit check.
Sources: OpenSea Help: How do referrals work on OpenSea? (Referral Program Terms) · OpenSea Platform Terms of Service (updated 2026-10-20) · OpenSea Help: How do I export my private key?. The venue's own page wins if it disagrees with ours.
OpenSea
DEX aggregator · 1% round trip. OpenSea is an NFT marketplace and multi-chain token trading app on Ethereum, Solana, Base and 20+ other chains. Token swaps are routed through third-party onchain venues and aggregators, and you trade from your own wallet or an email-login wallet the app creates for you.
Full OpenSea sheet: fees, custody, incidents →
More on OpenSea: Overview · Referral code · Fees · Is it legit? · News · Alternatives · US alternatives · Available in the US? · KYC required? · Mobile app? · Custodial? · Supported chains