Selfcustody

Self-custody of Bitcoin is important because it allows individuals full control over their Bitcoin and other digital assets without relying on a third party or intermediary. This means that the user is responsible for the security of their assets, and there is no risk of the assets being frozen or seized by a government or financial institution. Self-custody can give users a greater sense of privacy, as their transactions and holdings are not visible to outside parties. Why is Bitcoin…

Self-custody in cryptocurrency refers to individuals holding and controlling their private keys rather than entrusting them to a third party, such as a centralized exchange. This is important because private keys grant access to and control over a person's cryptocurrency assets, so self-custody helps ensure the security and autonomy of those assets. Self-custody aligns with the decentralized, trustless nature of many cryptocurrencies and can help protect against centralized custodianships' potential risks and drawbacks, such as hacking, fraud, and loss of…