One thing that worries me about self-custody is getting scammed into sending my own BTC. Once that transaction goes through, there’s basically no undo button. Plus, keeping your seed phrase safe is another thing to worry about.
With an exchange, withdrawal delays and extra security checks might give you time to catch a mistake before your funds leave.
Of course, exchanges have their own risks, like hacks and bankruptcy. I’m just wondering if self-custody is always the best option for everyone.
How do you guys think about this trade-off?
submitted by /u/Alarmed_Yesterday515
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