Self-custody in crypto means taking control of your own assets without relying on third parties. Learn how it works, its benefits, and how to implement it safely.
Self-custody in cryptocurrency refers to maintaining full control over your digital assets by managing your private keys independently. Unlike traditional financial systems, where banks or financial institutions hold and manage your money, self-custody allows you to be the sole custodian of your cryptocurrency, removing intermediaries and providing full ownership.
The core philosophy of cryptocurrency is decentralisation and financial sovereignty. Self-custody aligns with this vision by giving individuals complete control over their assets. Here are key reasons why self-custody matters:
Self-custody involves using a cryptocurrency wallet where you are responsible for securing your private keys. Here’s how it works:
While self-custody offers control and security, it also comes with responsibilities:
To protect your assets, consider these best practices:
Self-custody in crypto means taking full control of your digital assets by managing private keys independently. While it enhances security, financial sovereignty, and privacy, it also requires careful management and adherence to best security practices. Choosing self-custody empowers you to embrace the true spirit of cryptocurrency—decentralisation and financial freedom—but it also comes with the responsibility of securing your assets diligently.
"I have been a user of the Elbaite service for a long time and I keep coming back to use this service on a regular basis. An extra couple of stars should be added for the service personnel. Problems are resolved quickly and the patience exhibited by these people are legendary."
Andre - Elbaite Client
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
Block quote
Ordered list
Unordered list
Bold text
Emphasis
Superscript
Subscript