How To Safely Self-Custody Your Bitcoin
— Wallets, Ffff, Risk, Safely, Keys, Selfcustody, Store, Private, Wallet, Lightning, Exchange, Bitcoin — 1 min read
There are risks to storing one's Bitcoin on a centralized exchange, including counterparty risk, the risk that the exchange would be hacked and your Bitcoin would be stolen. Bitcoin owners may choose to self-custody all or a portion of their Bitcoin holdings. To protect your Bitcoin, you have to make sure that no other person can access your private keys, except in the case of inheritance. It is imperative to set up an inheritance plan to make it easy for your beneficiaries to benefit from your stored Bitcoin. The idea is to learn that you own your Bitcoin holdings, check and verify the size of your holdings, and retrieve how Bitcoin is stored. Source