Don’t store your bitcoin with custodians. Doing so comes with inherent risks. While exchanges are a convenient way to buy or sell bitcoin, they should not be used to store your wealth.

Self custody your bitcoin. Not your keys, not your coins.

When storing bitcoin with a custodian or an exchange, you don’t actually own bitcoin. You don’t have full possession. Unless you take your coins off the exchange, you only hold an IOU – a promise to pay you for the value of the coins. Keeping your coins on an exchange introduces several counterparty risks such as:

1. Dependency on the exchange’s operational and financial stability.

2. Risk of hacking because they are prime targets given the vast amount of bitcoin they have.

3. In the event of their Insolvency or bankruptcy, this can cause long delays and lengthy legal battles in order to recover your bitcoin or it’s equivalent value. If you are lucky.

4. They also face regulatory compliance – this can mean that your account can be frozen, confiscated or you may need to constantly provide proof to comply with KYC/AML.

Take control and preserve your wealth. Self custody your bitcoin.