# What Is a Decentralized Wallet? In contrast to centralized wallets (exchanges) where the private key is in the hands of a third-party service provider, the private key of a decentralized wallet is kept by the user themselves and the assets are stored on the blockchain, the user is the real holder of the digital currency, the wallet is just a tool to help the user manage the assets on the chain and read the blockchain data, so there is no way to control, steal or transfer your assets. Therefore, decentralized wallets are difficult to be attacked by hackers centrally, and users do not have to worry about self-stealing or running away from the wallet service provider, because as long as you keep your private key safe when creating the wallet, your assets are still on the chain and can be displayed in a different wallet as well. **Note:** If a decentralized wallet is lost or stolen, it cannot be recovered without a backup of your private key or seed phrase, so be sure to back up your private key securely and correctly. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://help.tokenpocket.pro/es/blockchain-basics/what-is-a-decentralised-wallet.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.