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Self-Custody Platform

Definition

A self-custody platform is a system that allows individuals to retain direct control over their digital assets and cryptographic keys. Unlike third-party custody solutions, users of self-custody platforms hold their private keys, which are essential for accessing and transacting with their cryptocurrencies. This method eliminates reliance on intermediaries, providing complete sovereignty over digital wealth and mitigating counterparty risk. However, it places the full responsibility for key security and asset management directly on the user, requiring careful handling to prevent loss or theft.