Is Solflare custodial? Who holds your funds?
No. Solflare is listed as non-custodial: your funds stay in a wallet you control, not with the venue.
Checked 2026-10-17 · 2 sources- Self-custodial; users sign every transaction. Perps collateral is held by Phoenix's on-chain programs while on the exchange, not by Solflare. Supports Ledger, Keystone and Solflare's own Shield hardware wallet.
- Non-custodial does not mean risk-free. Smart-contract bugs, phishing and malicious approvals can still lose funds.
- We list 1 reported incident for Solflare on its legit check.
Sources: Solflare Terms of Service · Solflare security. The venue's own page wins if it disagrees with ours.
Solflare
Wallet. Solflare is a self-custodial Solana wallet with in-wallet swaps (Jupiter-routed), limit orders, SOL staking, perps on Phoenix, a Bridge deposit feature for funds from Bitcoin, Ethereum and other chains, and a USDC debit card. Its in-wallet swap fee percentage is not published on its official pages.
Full Solflare sheet: fees, custody, incidents →