Within the past year, there have been major #bank collapses (i. Silicon Valley Bank) and major #crypto exchange collapses (i.
22 Aug 2023, 14:48
Within the past year, there have been major #bank collapses (i.e. Silicon Valley Bank) and major #crypto exchange collapses (i.e. FTX).
Q: What did they both have in common?
A: They both held your funds as a custodian and required you to trust them.
Future collapses of banks and centralized crypto exchanges are likely if not inevitable.
You still have a chance to save yourself + friends, and family from future collapses.
The best solution is to become your own custodian by moving to a self-custody wallet like Komodo Wallet.
#cryptocurrency #CryptoX #CryptoWallet #HODL #DeFi #YourKeysYourCoins #CEX #DEX