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How to Take Self-Custody of Crypto Assets - Self-Custody in Crypto is IMPORTANT What is a self-custody wallet? Crypto wallets may share a name with the leather billfold you keep in your back pocket, however the resemblances end there. Unlike analog wallets, crypto wallets do not really include your crypto funds. Rather, crypto wallets protect your private keys, which are required to access your funds on the blockchain. Crypto exchanges such as Coinbase or Kraken provide custodial wallets, implying they're responsible for safeguarding your keys. Anytime you start a crypto deal on an exchange, they digitally "sign" it using your private key from within the wallet. Everything happens seemingly instantly, with little to no user intervention required. Numerous users choose custodial wallets due to the fact that they would rather not troubl...
