Holding your own crypto by controlling the private keys yourself, rather than trusting an exchange or company to hold them for you. It gives full ownership and censorship resistance but also full responsibility: if you lose your keys or seed phrase, no one can recover your funds.
Web3 Basics
Self-Custody
Related terms in Web3 Basics
Web3
The vision of an internet built on public blockchains where users own their data, assets, and identity instead...
Blockchain
A shared database duplicated across thousands of computers, where records are grouped into blocks and linked i...
Cryptocurrency
Digital money secured by cryptography and recorded on a blockchain, allowing people to send value directly wit...
Token
A digital asset created and managed by a smart contract on an existing blockchain, rather than having its own ...