Not a true palm - the enlarged bulbous trunk base (caudex) stores water, so watering needs and drought symptoms should be read like a succulent rather than a thin-leaved tropical plant. Brown leaf tips are often just dry-air or salt buildup, not necessarily a watering problem.
Plant Mood Meter: Chill AF
Its swollen base stores water, making it extremely forgiving of missed watering and dry indoor air.
Care guide
Light
Very bright light. Direct sun: Direct sun is usually beneficial after acclimation.
Water
Let the mix dry thoroughly before watering deeply; the swollen base is designed to buffer drought.
Soil / substrate
Gritty, very fast-draining mix similar to a succulent/cactus medium.
Humidity
Average dry household humidity is appropriate.
Support / growth
No support needed.
Problems Planticist can help with
UnderwateringOverwatering / poor aerationRoot rot / impaired rootsExcess light / sun scorchInsufficient light (etiolation)Normal lower-leaf senescencePest damageFertilizer / mineral salt buildup