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2024-11-06 00:23:58

bitcoinwell on Nostr: Why choose a non-custodial Bitcoin platform? 1. Control With a non-custodial setup, ...

Why choose a non-custodial Bitcoin platform?

1. Control

With a non-custodial setup, you hold the private keys, meaning you’re the sole owner of your BTC. Custodial platforms keep your keys, adding a layer of risk. Don’t trust, verify; and take ownership!

2. Security

Custodial platforms are targets for hackers and honeypots for disaster. From Mt. Gox to FTX, there are countless ways your custodied coins can become lost.

With non-custodial wallets, there’s no central honeypot—just you and your BTC.

3. Freedom

Self-custody protects you from sudden asset freezes or confiscations. Custodial platforms can be compelled to restrict access to your funds (E.O. 6102)
When you hold in self-custody, there’s no intermediary between you and your future

It’s real financial freedom

4. Innovation

Bitcoin wallets evolve fast!

With the Lightning Network for instant, low-cost payments, user-friendly wallets, and cold storage devices, non-custodial wallets make it easier than ever to use BTC.

Exchanges can’t keep up with this pace of innovation!

Don’t have a Bitcoin Well account yet?

Sign up below and take control of your bitcoin 👇
https://app.bitcoinwell.com/signup
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