🧵 THREAD: “Not Your Keys, Not Your Coins” — What It Really Means 🔑📉

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You’ve heard it before:

“Not your keys, not your coins.”

But what does that actually mean?

And why does it matter more than ever in 2025?

Let’s break it down 🧠👇

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🔐 Your Keys = Your Access

Crypto wallets use private keys — a long code that proves ownership.

If you don’t control those keys, you don’t control your money.

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🏦 Centralized Exchanges (CEXs)

Platforms like Binance or Coinbase hold your crypto in their wallets.

You just see a number on a screen.

They can freeze it, lose it, or get hacked.

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💥 Real Example: FTX Collapse

Billions lost.

Withdrawals blocked.

Users thought they owned crypto — but didn’t hold the keys.

Lesson: If the platform dies, so does your access.

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🧱 Enter Self-Custody

Use wallets like:

MetaMask

Trust Wallet

Ledger (hardware)

Only you have the private key.

Only you can move your funds.

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⚠️ But There’s Risk

Lose your keys, and your coins are gone forever.

No “forgot password” button.

Self-custody = self-responsibility.

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✅ Best Practice: Hybrid Strategy

Long-term holds? Use hardware wallets.

Active trades? Use trusted CEXs, but don’t leave big amounts there.

Store your seed phrases offline and securely.

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🔚 Final Word:

“Not your keys, not your coins” isn’t fear-mongering.

It’s crypto 101.

Own your keys.

Own your future.

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