Bitcoin Self-Custody

Not Your Keys, Not Your Coins - Get Your Bitcoin Off Of Exchanges

By hifi.bitcoin | HiFi Bitcoin | 17 May 2022


Read now to learn how Bitcoin you leave on an exchange might be as good as gone when push comes to shove.


For decades, the finances of everyday people have been tied up in the hands of governments and corporations, and have been manipulated or outright stolen by those same people. We as a society have arrived at the point where it’s next to impossible to believe that corporate CEOs and government bureaucrats have our best interests at heart. Our finances, economies, and money need to change.

I’m a huge proponent of financial self-sovereignty. Since we can’t trust our finances to anyone else, we need the tools to be able to trust ourselves. I believe strongly that Bitcoin is the major step in the right direction that the world so desperately needs. For the first time in history, we have money that can be completely resistant to censorship, confiscation, and inflation. But whether it is or isn’t depends entirely on how we choose to manage, or not manage as it were, our Bitcoin.

Wherefore Art Thou Bitcoin?

Case in point: tens of billions of dollars’ worth of Bitcoin are sitting in the treasuries and vaults of exchanges, crypto-banks, and custodians rather than being under the control of Bitcoin users themselves. That’s a lot of Bitcoin.

Granted, a lot of those people are afraid of holding onto their own Bitcoin. They’ve heard too many stories about the guy who accidentally threw away the private key protecting his ~8,000 Bitcoin. But risk of loss aside, controlling the keys to one’s Bitcoin is an essential component of achieving true financial sovereignty as we’ll see below.

By the way, if you’re afraid of self-custodying your Bitcoin or unsure where to start, I’ve got you covered. Check out the mini-series I wrote recently all about self-custody:

Read the full article for free on my website.


Like what you see, but not a subscriber yet?

Consider subscribing for two weekly emails about Bitcoin and Crypto, subscriber giveaways, real-time community discussions and more!

Subscribe Now


Wish You Could Listen To This Post As A Podcast?

Download On Apple Podcasts


Can’t Get Enough Bitcoin In Your Life? Follow me on Social Media:

e027441d21f753b91624c4adf49de6aeaf845209a84fac33447e782239b19990.jpg

Follow Me


Bitcoin is my passion and my mission is to give as many people as possible the chance to learn how it can change their lives for the better. You can help:

Support The HiFi Crypto Letters


🙋🏽‍♂️Did you enjoy this edition of The HiFi Crypto Letters?

This 3-question survey is your chance to tell me how I can improve the newsletter for you.

Share Your Thoughts


This is not financial 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.

How do you rate this article?


34

2

hifi.bitcoin
hifi.bitcoin

I am an avid Bitcoin enthusiast. I publish The HiFi Bitcoin Letters, a recurring newsletter on Bitcoin: https://thehificrypto.substack.com/p/your-bitcoin-one-stop-shop


HiFi Bitcoin
HiFi Bitcoin

My goal is to provide education on Bitcoin and related topics.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.