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Not Your Keys Not Your Crypto.
2 days agoPrivate keys are unique codes that allow you to access and spend your cryptocurrency, and without them, you have no control over your digital assets. This is why the concept of “not your keys, not your crypto” is so important. If you don’t own the private keys to your crypto, you are essentially trusting someone else – be it a cryptocurrency
Feb 23, 2022Not Your Keys, Not Your NFTs. When it comes to NFTs, the problem is much larger and complicated for two main reasons. Firstly, most NFTs are unnecessarily more complex than crypto. As such, users have a higher difficulty recognizing the risk of not owning their keys. In fact, most NFT users don’t even think about keys.
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This is the key that only you should know and not anyone else, because if someone else knows your private key they can drain every bit of crypto you might have been holding. Most wallets have 12-24 words you can write down to be able to log into your wallet instead of trying to memorize all 64 letters and numbers that make up your private key.
Nov 30, 2022Podcast: Not your Keys, not your Crypto and Bank Runs With all the madness going on with FTX, I did do a podcast episode talking about bank runs and bank regulation. I think it is interesting to contrast it to the environment that crypto is regulated in, which is to say, there is much less regulation. Tradional finance instituions have much
Jan 28, 2021Not Your Keys, Not Your Bitcoin: Move Money To Buy Actual Assets. As retail traders are now experiencing, Robinhood isn’t the free market they thought it was, and have had the ability to buy shares of GameStop and other stocks restricted as part of a much larger controversy involving Reddit, hedge fund Melvin Capital, and many other players.
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Nov 30, 2022Podcast: Not your Keys, not your Crypto and Bank Runs With all the madness going on with FTX, I did do a podcast episode talking about bank runs and bank regulation. I think it is interesting to contrast it to the environment that crypto is regulated in, which is to say, there is much less regulation. Tradional finance instituions have much
Nov 22, 2022A crypto exchange is not an exchange. A crypto exchange is a bank. Once you understand that you should be very worried. An exchange, for example the Nasdaq, does not hold your stock. If it goes
Not Your Keys Not Your Crypto
Jan 28, 2021Not Your Keys, Not Your Bitcoin: Move Money To Buy Actual Assets. As retail traders are now experiencing, Robinhood isn’t the free market they thought it was, and have had the ability to buy shares of GameStop and other stocks restricted as part of a much larger controversy involving Reddit, hedge fund Melvin Capital, and many other players.
Key Takeaways: — The expression “not your keys, not your coins” refers to needing to own the private keys associated with your funds. — The person owning private keys is the one deciding how the crypto assets associated are spent – if you don’t own this, you’re entrusting your crypto to a third party. — If you do own your keys
Nov 22, 2022A crypto exchange is not an exchange. A crypto exchange is a bank. Once you understand that you should be very worried. An exchange, for example the Nasdaq, does not hold your stock. If it goes
Nov 22, 2022A crypto exchange is not an exchange. A crypto exchange is a bank. Once you understand that you should be very worried. An exchange, for example the Nasdaq, does not hold your stock. If it goes
“Not your keys, not your coins” or “not your keys, not your crypto” basically means that people holding and investing in cryptocurrency cannot be sure of their investments unless they are stored in a wallet to which they personally have the keys. As we know, FTX held on to the user’s wallets for them and this meant that the funds held by the
If you’ve been following the recent fallout of crypto exchange FTX, you’ve likely heard the phrase, “not your keys, not your crypto.” To help unpack the term, we explored the benefits of
The prevailing wisdom online is that you should never keep your crypto on an exchange or in the hands of a custodian. Instead, you should store it all on a hardware wallet. We firmly disagree with this premise and offer an alternative to the popular “not your keys, not your crypto” mantra. And that is: “keep your crypto everywhere.”
Jan 28, 2021Not Your Keys, Not Your Bitcoin: Move Money To Buy Actual Assets. As retail traders are now experiencing, Robinhood isn’t the free market they thought it was, and have had the ability to buy shares of GameStop and other stocks restricted as part of a much larger controversy involving Reddit, hedge fund Melvin Capital, and many other players.
Key Takeaways: — The expression “not your keys, not your coins” refers to needing to own the private keys associated with your funds. — The person owning private keys is the one deciding how the crypto assets associated are spent – if you don’t own this, you’re entrusting your crypto to a third party. — If you do own your keys
Feb 23, 2022Not Your Keys, Not Your NFTs. When it comes to NFTs, the problem is much larger and complicated for two main reasons. Firstly, most NFTs are unnecessarily more complex than crypto. As such, users have a higher difficulty recognizing the risk of not owning their keys. In fact, most NFT users don’t even think about keys.
The prevailing wisdom online is that you should never keep your crypto on an exchange or in the hands of a custodian. Instead, you should store it all on a hardware wallet. We firmly disagree with this premise and offer an alternative to the popular “not your keys, not your crypto” mantra. And that is: “keep your crypto everywhere.”
Not Your Keys Not Your Crypto.
