Why You Should Hold Your Own Bitcoin
summary
Self-custody reduces counterparty and legal seizure risk (exchanges can freeze withdrawals or fall under dormant asset laws after about three years), and is practical: start with a mobile wallet, move to a hardware wallet (Trezor example) with steel backups, add a passphrase, and scale to multisig 3-of-5 for physical security. Use Lightning swaps or coinjoin to clean coins, test setups on testnet first, and consider plug‑and‑play nodes or air‑gapped Tails workflows as needs and value grow.
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chapters (9)
- 0:00Introductions and expertise
- 3:44Defining self-custody
- 7:03Peer-to-peer solutions
- 10:04Psychology and security
- 14:22Practicing self-custody
- 17:13Regulatory and legal risks
- 23:41Hardware wallets and setup
- 31:22Scalable security strategies
- 36:55Final advice and takeaways
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