Quote from: Charles-Tim on September 11, 2024, 09:35:52 PM

What I have known about people is that many of them will not listen. Or probably many of them are ignorant and not know the differences between private keys and custodial wallets.

Self custody only works if you want to just acquire and hold crypto assets long term and the assets won't have to be moved around often or used to do anything at all. That's when it works.

People often chose exchanges because of the convenience it provides. Ease of use at the expense of custody.

Quote from: Charles-Tim on September 11, 2024, 09:35:52 PM

What do you think would be a better approach for crypto traders that are actively trading cryptocurrencies daily?

Not yet. For now, traders can just use DEXes like hyperLiquid to trade. They connect their wallet to it and use.

But it's still requires forfeiting custody.
at the mercy of smart contract risks.

The benefit of this approach is the fact that CEX can lock out your funds or blacklist your address but won't be the case with hyperLiquid or any other DEX for that matter.