🔑💰 “Not your keys, not your coins” (If they are not your keys, they are not your coins)
Have you ever left your savings in someone else's safe? That’s what you do when you store your cryptocurrencies in an exchange or wallet that doesn’t give you access to your private keys.
Private keys are like the master password for your crypto. If you don’t have them, you don’t control your funds. It’s like someone else has the key to your safe.
The phrase “Not your keys, not your coins” reminds us that true security and control are in your hands. If you trust your cryptos to a third party, like an exchange, they have control. If they suffer a hack or shut down, you could lose everything.
That’s why many recommend using hardware wallets. These wallets allow you to securely hold your private keys offline. This way, only you can access your funds.
Remember: in the world of cryptocurrencies, the key is to have control. And that starts with your own keys.
