Non-custodial is the term used to describe exchanges or services that do not hold bitcoin on behalf of their customers. This is in contrast to most custodial exchanges, where after purchasing bitcoin, it remains on the platform by default, until you manually withdraw it.
Using custodial exchanges that hold your bitcoin comes with risk, as the exchange technically owns this bitcoin (they control the private keys). Only once you've withdrawn bitcoin from a custodial exchange, to a wallet where only you control the keys, is it actually yours.
As a non-custodial platform, Beaver Bitcoin does this automatically by delivering the bitcoin you purchase directly to a Bitcoin wallet address that only you control. We do not hold bitcoin on your behalf, ever.
It's important to understand, if you leave bitcoin on a custodial exchange, you have no guarantee of ownership of "your" bitcoin. In the worst case, the exchange could go bankrupt, and carefully written terms, conditions, and bankruptcy filings could leave you without any claim to your bitcoin. Hacks, thefts or rehypothecation of your bitcoin are also possible outcomes when bitcoin is left on a custodial exchange.
These negative outcomes can very easily be avoided.
Taking immediate self-custody of your bitcoin is simply the best way to use Bitcoin, and completely eliminates any custodial risk.
With Beaver, we exchange your CAD into bitcoin then deliver your bitcoin to a Bitcoin wallet address only you control, immediately.
If you are new to Bitcoin, read our post on Bitcoin wallet basics.
You can also use our quick-start guide for creating Your first Bitcoin wallet.