CryptoTips

Self Custody in Crypto #shorts

Self custody in crypto is the process of storing your cryptocurrency in a wallet you control. This means you have complete control over your funds and no one else can access them without your permission. This also means that if you lose your private keys or forget your password, your funds may be lost forever.

It is important to understand the risks associated with self custody and to take steps to mitigate them. This could include backing up your wallet, using strong passwords and two factor authentication, and avoiding storing large amounts of funds in a single wallet.

Self custody is a vital part of the crypto space and is a great way to ensure that your funds are secure.

diffcoin.com

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