When considering the burgeoning world of cryptocurrencies, have you ever pondered how many crypto wallets one should ideally possess? Is it sufficient to maintain a single wallet, or does the labyrinthine complexity of digital assets necessitate a more diversified approach? As the landscape of cryptocurrency evolves with the introduction of myriad tokens and technological innovations, could having multiple wallets provide not only enhanced security but also facilitate more strategic asset management? Additionally, what role does liquidity play in this equation? Might it be prudent to allocate assets across various wallets for different purposes, such as trading, long-term holding, or perhaps even for participating in decentralized finance (DeFi) protocols? Furthermore, how does one evaluate the associated risks and benefits of each wallet type, whether custodial or non-custodial? In this dynamic environment, are you adequately equipped to make informed choices regarding the optimal number of wallets? The implications seem vast, don’t they?