In Web3, we say "you own your money," but then you point to the infamous FTX collapse. We get it. Let's explain when your crypto is truly yours and when it's not.

It all comes down to two types of wallets, and who holds the "keys."

Custodial Wallets: With a custodial wallet, someone else (like a crypto exchange) holds your private keys for you. This is convenient, but it means you're trusting them with your funds. The golden rule here is: “Not Your Keys, Not Your Crypto.”

Non-Custodial (Self-Custody) Wallets: As you might have guessed, with a self-custody wallet, you hold your private keys. You have full control and are solely responsible for your assets. This is where the true ownership of Web3 lies: “Your Keys, Your Crypto.”

Pro-Tip: Never share your private keys or recovery phrase with anyone, including your partner (who might become an ex one day 😉).

In Web3, we say "you own your money," but then you point to the infamous FTX collapse. We get it. Let's explain when your crypto is truly yours and when it's not.

It all comes down to two types of wallets, and who holds the "keys."

Custodial Wallets: With a custodial wallet, someone else (like a crypto exchange) holds your private keys for you. This is convenient, but it means you're trusting them with your funds. The golden rule here is: “Not Your Keys, Not Your Crypto.”

Non-Custodial (Self-Custody) Wallets: As you might have guessed, with a self-custody wallet, you hold your private keys. You have full control and are solely responsible for your assets. This is where the true ownership of Web3 lies: “Your Keys, Your Crypto.”

Pro-Tip: Never share your private keys or recovery phrase with anyone, including your partner (who might become an ex one day 😉).