What is Self Custody?

Have you heard the phrase ‘not your keys, not your coins’? Crypto offers anyone the ability to self-custody their coins instead of relying on a centralized institution like we do with banks and fiat currency. But it can be uncomfortable to take full responsibility for protecting your coins since we are so used to proxying that responsibility to banks and have the peace of mind of FDIC insurance. Lets chat about the best practices for self-custody!

Research & Attribution:
https://www.cnn.com/2022/11/11/investing/ftx-crypto-consequences-lehman/index.html
https://twitter.com/cz_binance/status/1589283421704290306?s=20&t=F1EmkhGxC1OR0Z-a16FerQ
https://tenor.com/view/gi-joe-knowing-is-half-the-battle-knowing-battle-gif-25791425

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Amy James
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Web3 Working Group is a 501(c)(3) nonprofit organization. Our purpose is to educate about web3 infrastructure and how it's distinct from financial services in the cryptocurrency industry. We educate about how web3 infrastructure will decentralize the web and permanently restore user control of cyberspace, replacing centralized control with transparent and permissionless protocols through incentives aligned with users. See more at www.web3wg.org