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Why Self-Custody Is Critical for Crypto Security
As any experienced crypto owner will tell you, self-custody is essential for protecting your digital assets. But what does it really mean? Self-custody is the practice of holding and managing your own crypto assets without relying on third-party services such as exchanges or lending platforms. It means that you—and only you—are responsible for storing, backing up, and controlling access to your private keys. This approach eliminates the risk of losing access to your assets due to centralized failures and aligns with the core ethos of crypto: decentralization and financial sovereignty.
In essence, self-custody isn’t just about securing your digital assets; it’s a mindset. It requires learning how to manage your keys, understanding the risks, and utilizing the right tools. This approach eliminates the risk of losing access to your assets due to centralized failures and aligns with the core ethos of crypto: decentralization and financial sovereignty.
Freedom is at the heart of crypto’s appeal, but as it often does in life, freedom isn’t handed over on a silver platter—it’s earned through responsibly managing your resources.
Source: cryptopotato.com
