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

3 answers

• Mar 29, 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.
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• Mar 29, 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.
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• Mar 29, 2022 · 3 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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