If there is one thing that this year has taught us, it's how much of a risk there is by leaving your funds on a centralised lending platform or an exchange. There is only one way in which you can truly own and control your crypto and that's when you hold the keys.
This therefore means that you must take the active steps required to self-custody your crypto. Beyond the benefits of knowing that you have full ownership of those assets, you also know that no one can stop you from sending / receiving as much crypto as you want.
It's truly permissionless, just as Satoshi intended.
In my video today, I am going to give you a 101 guide on crypto self-custody.
I will be taking you through several self-custody options and crypto wallets. These range from software to mobile and hardware wallets.
I also have quite a few hints and tips that you guys need to be aware of when taking full control of your crypto. Advice that I wish I knew when I first got into crypto years ago.
The hope is that as we turn the page on a new year in a few weeks’ time, more people in the crypto space will come to appreciate self-custody and engage in some of these best practices. It will make the next exchange collapse that much less harmful.
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⛓️ 🔗 Useful Links 🔗 ⛓️
Phishing MetaMask: https://cointelegraph.com/news/blockc…
Extortion For Crypto: https://www.theguardian.com/uk-news/2…
Electrum Fake Software: https://www.coindesk.com/policy/2022/…
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
