There is this one particular phrase that always comes up in most of our discussion concerning Bitcoin, and this is "Not your Keys, not your Coins."  Thiiss very prrinciple is taken seriously by many of persons her, but I noticed that there are still a good numbers of Bitcoiners both the experts and even the newbies that still relies on custodial platforms. A fellow Bitcoiners once told me that his preference for custodial platforms is as a result of "it's easy access and convenience and even claimed that it had a stronger security measures." But most of what he said don't really add up if we take a look at the collapse of FTX in 2022.

With self-custody, the responsibility is entirely on the individual no doubt, but if you control your private keys, you control your Bitcoin. But once you hand that control over to custodian platform, you are simply taking that trust and handing it over to another and the case of FTX and many others has shown us how bad that can eventually turn out.

At the same time we shouldn't also ignore that self-custody comes with its own challenges, I mean we heard and seen cases where people lose their wallets and their seed phrases. Buut even with those risks, one thing is still certain which is that once you give up your keys, you have given up your control. To me, that’s enough reason to say "YES to self-custody, and NO to custodial platforms."