Be your own bank! Bitcoin and cryptocurrencies are repeatedly promoted with this motto. This is primarily because blockchain, the underlying distributed ledger technology, combined with public-key cryptography, enables self-custody. Digital assets can be held independently with the help of corresponding software and hardware solutions. In the bitcoin community, which is meanwhile spread all over the world, this self-custody – true to the original philosophy of bitcoin – is attributed great importance. What sounds fascinating in theory is by no means a piece of cake in practice. Self-custody requires a lot of knowledge. Hardware wallet, private key or seed phrase –…
