Bueno Byte #4: Let’s Talk About “Custody”

Custody will determine the security risks involved in your cryptocurrency transactions, as it dictates what access and power the user has over the digital assets.

A “Wallet” typically has Public Keys (gains access to the Blockchain) and Private Keys (gives access to the Assets in a particular Wallet or Account).

Without your private keys, you do not have control over your assets. Period. Some people may find this comforting, but, if you don’t trust banks…why trust an exchange?

To truly become financially free, you are going to want to have a #selfcustody wallet. This means you control your Private Keys, not the exchange or custodian.

This sort of #control allows the user to have complete ownership over their assets. This will require further security measures for the user, as the user is responsible for approving all transactions and wallet addresses.

How do you prefer your #wallet?

#tradeshare #globalpawnshopcomingsoon #trde #f3 #tradesharewallet #custody #crypto
#people #dont #like #banks