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Self-custody in cryptocurrency means that you take full responsibility for securing your assets. This involves managing private keys and implementing robust security measures and backup procedures.

Self-custody removes the risk of losing funds due to exchange hacks, bankruptcies, or mismanagement by centralized entities. You have direct control over your assets without relying on third parties.

Yes, self-custody wallets often provide greater privacy. You don't need to share personal information with exchanges or other third parties, enhancing your privacy.

Self-custody gives you full control over your assets, allowing for immediate transactions without needing third-party approval or processing times.

Self-custody aligns with the core principles of cryptocurrency, such as decentralization and financial sovereignty. It empowers users to manage their assets independently.

While self-custody offers many benefits, it requires users to educate themselves on proper security practices and wallet management. It's essential to understand these aspects to ensure the safety of your assets.

The phrase "not your keys, not your coins" emphasizes that true ownership in crypto comes from controlling the private keys. Without them, you don't have control over your assets.

Self-custody allows for various storage methods, including hardware wallets, paper wallets, and encrypted digital storage. These options are generally more secure than typical custodial services.

By eliminating reliance on centralized entities, self-custody mitigates risks associated with institutional failures or regulatory changes.

As people learn about blockchain and cryptocurrency out of necessity or interest, they gain a deeper understanding of financial sovereignty and the importance of controlling their own assets.