NOT YOUR KEYS, NOT YOUR COINS
if you hold 5,000$+ in Bitcoin then please for the love of God self custody your wealth.
Benefits are:
• no risk of confiscation
• sleep well at night knowing your wealth is safe
• you physically drain the active supply of Bitcoin by holding your own private keys , FTX muddled the numbers on BTC to suppress the price and then went bankrupt and lost billions of customer funds, I don't wish that fate on anyone
• you gain more knowledge as to what Bitcoin was actually intented for, true financial sovereignty, taking the power of money from the hands of corporations, banks and the federal reserve and giving it back to the people.
• you get a cool little hardware device and a 12-24 seed phrase that you can memorize and then you can basically hold all of your wealth in your mind 🤯
Risks are:
• it is your responsibility to keep your seed phrase safe and off the Internet, if your keys are compromised then you lose everything
• there is counter part risk if you use a hardware / software wallet that doesn't support open source software that can be audited, don't trust, verify
Did I miss anything? Leave it in the comments 👇🏽
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