
The Danger of Self Custody
"Not your keys, not your coins" is the worst advice you can give a wealth-building investor.
In the early days of crypto, self-custody was a badge of honor.
We all bought hardware wallets, wrote down 24-word seed phrases on pieces of paper, and hid them in safes. We took on the immense burden of being our own bank.
But here is the uncomfortable truth: human error destroys more wealth than hackers do.
If you are managing a significant portfolio, perhaps within an SMSF, the thought that one lost piece of paper could wipe out your entire investment should keep you awake at night. It kept me awake.
That's why I completely changed my approach.
Today, I will not touch digital assets without institutional-grade, insured custody.
When you use a licensed custodian, your assets are protected, segregated, and insured. You don't have to worry about losing a password or making a technical mistake.
Are you still trying to be your own bank, or are you using professional infrastructure?
Secure storage is the final and most important step in my 4-Step Safe Investment Process. Learn how to do it right in Lesson 8: https://darrenbartsch.com/lessons/lesson-8
Hashtags: #InsuredCustody #InstitutionalCustody #CryptoSecurity #CryptoEducation #DarrenBartsch
