🔐 What Is Self-Custody in Crypto?
Self-custody means you control your own crypto.
Not an exchange. Not a third party. Only you.
How it works:
• You store assets in a personal wallet
• You control the private keys
• You are fully responsible for security
Types of wallets:
🟢 Hot Wallets (connected to internet)
– Easy to use
– Higher risk
🔵 Cold Wallets (offline storage)
– More secure
– Best for long-term holding
Why it matters:
“If you don’t own your keys, you don’t own your crypto.”
Risks to understand:
• Losing your seed phrase = losing funds
• No recovery options
💡 Always store your seed phrase safely and offline.
#SelfCustody
Follow Coin-Dropz for simple crypto education.
Self-custody means you control your own crypto.
Not an exchange. Not a third party. Only you.
How it works:
• You store assets in a personal wallet
• You control the private keys
• You are fully responsible for security
Types of wallets:
🟢 Hot Wallets (connected to internet)
– Easy to use
– Higher risk
🔵 Cold Wallets (offline storage)
– More secure
– Best for long-term holding
Why it matters:
“If you don’t own your keys, you don’t own your crypto.”
Risks to understand:
• Losing your seed phrase = losing funds
• No recovery options
💡 Always store your seed phrase safely and offline.
#SelfCustody
Follow Coin-Dropz for simple crypto education.