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When you create an account, Venly also sets up a crypto wallet for it. That wallet is controlled in one of two ways. Which one you use is fixed by your company setup, and it changes a few things in how you build.

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The two models

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What this means in practice

Venly-managed is the simpler path. Venly creates and holds the wallet, so transfers and payments work with no extra setup from the customer. Self-custody means your customer keeps control of their own wallet and keys. Before Venly can move their funds, the customer grants a one-time approval by signing a message — see Approving transfers without gas. The permit and allowance endpoints only apply to self-custody accounts. Calling them on a Venly-managed account returns:
A wallet’s type field tells you which model it uses — VENLY_MANAGED or SELF_CUSTODY. You’ll see it in the list wallets response.

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No wallet infrastructure yet?

Self-custody assumes your customers already hold wallets. If they don’t — and you’d rather issue wallets yourself than send users to a third party — you can become a wallet provider with the Venly Wallet API. See Become a wallet provider.

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Next steps

Approving transfers without gas

The one-time approval a self-custody wallet signs.

List wallets

Read a wallet’s type to confirm its custody model.

Become a wallet provider

No wallet infrastructure? Issue wallets to your own users with the Venly Wallet API.