Original archived Re: Bitcoin; Direct Custody VS Managed Custody
Scraped on 26/08/2025, 05:16:31 UTC
Which move could be riskier; trusting yourself or financial institutions?
The idea of trusting a bank with your Bitcoin goes against everything it stands for. This holds true even for centralized crypto exchanges where people might store their coins for convenience.
At the end of the day, a bank is a bank, and a centralized exchange is a bank. They are all subject to the same government regulations and control.
When your money is in their hands, it isn't truly yours. They can do what they want with it, freeze your account, or dictate how you use your funds.For these reasons, having complete control over your own money is not something you should ever compromise on.