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What Is the Concept of “Self-Custody” in Cryptocurrency?

Self-custody means that an individual, and not a third-party service like an exchange, holds the private keys to their cryptocurrency wallet. By controlling the private keys, the user has complete and exclusive control over their funds.

This eliminates counterparty risk but places the full responsibility for security and loss prevention entirely on the user.

Explain the Concept of “Not Your Keys, Not Your Coin.”
What Is the Difference between a Hot Wallet and a Cold Wallet?
What Are the Risks a Retail Trader Faces by Leaving Assets on a Custodial CEX?
How Does the Use of a Hardware Wallet for Storing Private Keys Enhance the Security of Derivatives Trading?