Throwback Thursday: Self-Custody Can Be The Best Way To Bitcoin
Dear Readers,
Taking custody of one’s Bitcoin is more pertinent than ever before: exchanges and crypto banks imploded left and right last year, and even the “qualified” custodians those businesses typically use aren’t immune to losing users’ Bitcoin. Nor can we forget that all of those businesses are highly susceptible to hacks and thefts too.
On the flip side though, far too many people are worried about the risks and responsibilities inherent in self-custody. I certainly won’t lie to you: self-custody may be worth it, but that doesn’t necessarily mean it’s easy. That said, I personally believe that users who are willing to put in the work to self-custody their Bitcoin can enjoy financial security — not to mention censorship-resistance — that users who leave their Bitcoin with someone else simply can’t attain, at least not to the same degree.
In recognition of the importance of self-custody, and with the goal of helping you to be more prepared to take the leap into self-custody if you choose to do so, I’m inviting you this “Throwback Thursday” to revisit a series of articles I wrote in the past to teach both the importance and basics of self-custody:
Each of the articles above is free for all readers. Enjoy! And don’t forget to subscribe if you haven’t already!
This is not financial or business advice. This newsletter and related content are for informational purposes only. Cryptocurrencies and digital assets can be risky. Always do your own research before making any sort of investment.