
Wallets & Custody
You Don't Own Your Crypto. Here's How to Fix That.
There's a phrase that gets thrown around a lot in crypto circles: not your keys, not your coins.
Igniz
Tag
4 articles

There's a phrase that gets thrown around a lot in crypto circles: not your keys, not your coins.

Most traders stare at price charts and wonder why they keep getting wrecked.

There is a sentence buried in almost every centralized exchange's terms of service. It does not announce itself. It sits between the arbitration clauses and the jurisdiction language, and it says, in effect, that the assets you deposit become a liability on the company's balance sheet.…

Every time a major exchange collapses, the same conversation restarts. Centralized exchanges are dangerous, people say. Go self-custodial. Move on-chain. The reality is more precise than that, and the imprecision costs traders real money.