Bitcoin Self-Custody: Why ‘Not Your Keys, Not Your Coins’ Still Holds
Exchange failures have repeatedly taught the same lesson. Here is the case for holding your own keys.
Every cycle, a major custodian collapses and users learn that balances on an exchange are IOUs, not coins they control. Self-custody — holding your own private keys — removes that counterparty risk.
It also brings responsibility: lose your seed phrase and the coins are gone. A hardware wallet plus a securely stored backup is the standard setup for serious holders.
This article is for information only and is not financial advice. Always do your own research before investing in crypto assets.
Written by
Chandan Gupta
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