A quasi-custodial wallet is a type of digital wallet that combines features of both custodial and non-custodial wallets. In this setup, users maintain some control over their private keys while also relying on a third-party service for certain functions.In a fully custodial wallet, a third party manages the private keys, meaning users don’t have direct access to their funds. Conversely, non-custodial wallets allow users complete control over their private keys, offering greater security but often requiring more technical knowledge.Quasi-custodial wallets provide a middle ground. Users may retain access to their private keys while a third party can assist with management, such as backup and recovery services. This arrangement aims to balance convenience and security, making it easier for users to navigate the complexities of managing their digital assets without fully relinquishing control.Ultimately, quasi-custodial wallets appeal to those who want some assistance from a service provider but still wish to preserve a degree of ownership over their cryptocurrencies.