True custody starts with cold wallet. With true custody, you control your private keys, No banks, exchange, or third party can access or control your funds
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If you’re keeping your funds on Robin Hood and could use some guidance on transferring them out and moving them to your cold wallet, feel free to message me
Your cryptocurrencies are safer in your cold wallet
With a cold wallet you don’t need permission to access what is yours, with exchanges you do
If you store coins like XRP in a cold wallet, they stay offline and protected, making it much safer and leaving them on online exchange
Are we even supposed to beholding XRP?
Transferring cryptocurrency onto a cold wallet.
For example, if you’re leaving your cryptocurrency on your cracking, in coinbase, that is still consider a hot wallet.
Cold wallets that cannot connect to Wi-Fi, Bluetooth, or USB represent, to me, the true essence of cold storage.
If you keep crypto on exchange and they get hacked, you may lose funds. With a cold wallet your assets remain safe.
Web3 users are on better security because it uses blockchain technology, transactions are transparent and encrypted, making fraud more difficult.
I don’t ask you to believe that any of them are safer or more necessary than the others, but the whole point is that if you want to keep your crypto on an exchange, get a cold wallet and protect your crypto.
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