If you don’t hold the keys to your coins, you are not benefitting from the traits that make Bitcoin valuable.
- You need permission to move or spend your bitcoin
- You are not interacting with the decentralized network
- It’s possible that your custodian is rehypothecating your bitcoin, making it less scarce
Not your keys, not your coins. Remain sovereign.
The consequences of this lesson will be learned year after year by those without the humility and patience to just buy and self custody Bitcoin