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Difference between ledger and custodial wallet?

Bitcoin Reddit

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Hi, so I use Trust Wallet as my custodial wallet, so can I just hodl my crypto there? Why do people by ledger? What is the point of ledger? Can't I just memorize the 12 words i used to create trust wallet and just hodl that way?

Can I just memorize the 12 phrase and delete the trust wallet and hodl and retrieve later? Do I need to have an app? can I use the 12 word phrase memorized and use another app or ledger to retrieve?

submitted by /u/MediocreSpeed8930
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