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What are the advantages of self-custody for crypto assets compared to using third-party custodians?

Osvaldo AyalaSep 08, 2022 · 3 years ago3 answers

What are the benefits of choosing self-custody for managing crypto assets instead of relying on third-party custodians?

Self-custody
Crypto Assets
Third-party Custodians

3 answers

  • JOSE MAURICIO GALEANO y c AshwMay 21, 2022 · 3 years ago
    Self-custody offers greater control and security over your crypto assets. By managing your own private keys, you eliminate the risk of a third-party custodian being hacked or going bankrupt. You have full ownership and can access your assets at any time without relying on anyone else.
  • de zaJul 25, 2022 · 3 years ago
    Using self-custody allows you to maintain privacy and anonymity. With third-party custodians, your personal information may be exposed to potential breaches or government surveillance. Self-custody ensures that only you have access to your transaction history and balances.
  • Aleksander EspinosaDec 28, 2020 · 4 years ago
    While using third-party custodians like BYDFi can provide convenience and additional services such as staking and lending, self-custody offers a more decentralized approach. With self-custody, you become your own bank and contribute to the overall security and decentralization of the crypto ecosystem.

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