Trezor Wallet (Official)

Take control of your digital wealth with Trezor Wallet. Securely store and manage your cryptocurrencies, execute transactions with confidence, and embrace the future of financial sovereignty with the

Take control of your digital wealth with Trezor Wallet. Securely store and manage your cryptocurrencies, execute transactions with confidence, and embrace the future of financial sovereignty with the industry's leading hardware wallet.

Key takeaways

• Leaving crypto on exchanges puts your assets at risk.

• Self-custody by way of a hardware wallet offers an option to 100% own your assets.

• Hardware wallets securely generate and store your private key offline, providing a safeguard against online risks.

Heard of the Mt. Gox incident in 2014? That's one of the most infamous bitcoin exchange hacks, where users lost approximately 740,000 bitcoins. Or, the unexpected closure of the QuadrigaCX exchange, leading to a significant loss of customer assets. More recently, the FTX exchange’s bankruptcy left many users in financial limbo. All these examples underscore the risks associated with leaving your assets on exchanges.

Yet, there are still over 400 million people who take the risk of keeping their crypto on exchanges 😕.

In this post, we’ll compare the benefits of self-custody over that of holding your coins on an exchange.

Your Crypto? Then why not Your Custody

When you purchase crypto on an exchange, those coins are not automatically withdrawn to your personal wallet. The exchange allocates your crypto funds to your account on their internal ledger but remains the custodian of it.

Think of it like your money sitting in a bank account. In traditional banking systems, your money and assets are under the control of third parties, making you susceptible to potential security risks, privacy breaches, and even access restrictions.

To truly own your crypto, you need a wallet that grants you full ownership of your assets. Self-custody.