What is Self-Custody?
Oct 17, 2024
Self-custody means having full control over your digital assets without relying on third-party custodians. You manage your private keys and are solely responsible for securing your assets.
Understanding Self-Custody
Self-custody means you have full control over your own assets without relying on a third party. Think of it like keeping your cash under your mattress instead of in a bank. You manage everything yourself, including security.
Why Self-Custody Matters
By choosing self-custody, you ensure that only you have access to your funds. This reduces the risk of third-party breaches or mismanagement.
How to Practice Self-Custody
To practice self-custody, you'll need a secure way to store your private keys. Hardware wallets are a popular choice for this.