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Not your keys, not your crypto!



Feb 13, 2023

"Not your keys, not your crypto" WTF does it mean?

WTF does it mean?

"Not your keys, not your crypto" is a phrase often used in the cryptocurrency community to emphasize the importance of controlling one's own private keys. Private keys are used to sign transactions and access one's cryptocurrency holdings. If you don't control the private keys, you don't truly control your cryptocurrency, and it could be at risk of being lost or stolen.

The phrase is a reminder that cryptocurrency is a decentralized, peer-to-peer system, where each individual is responsible for their own funds. If you use a centralized exchange to hold your cryptocurrency, you are relying on that exchange to secure your funds and protect your private keys. This can be convenient, but it also means you are giving up control of your cryptocurrency to a third party, which may not always be trustworthy.

In short, "Not your keys, not your crypto" is a reminder to be cautious and informed when it comes to your cryptocurrency holdings, and to prioritize control and ownership of your private keys.

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