➥ How to secure your crypto (cold storage):
➥ Casa Multisig (cold storage):
➥ Unchained Capital Multisig (cold storage):
➥ Muun Wallet (warm storage):
➥ How I Buy Bitcoin Daily:
It’s getting crazy in the crypto industry. Numerous crypto lending platforms are running into trouble after the Terra/Luna and 3AC collapses. Voyager stands to lose $660M from the 3AC blowup and BlockFi *may* have had exposure. FTX Alameda Research gave BlockFi a $250M revolving line of credit and Voyager a $500M loan. Following Celsius, many crypto lenders have halted or limited customer withdrawals.
With such low yields to earn on top cryptocurrencies and the potential to lose 100% of your assets in the event of crypto lender bankruptcy, it’s a smart move to act quickly and look into self-custody (cold storage) options like hardware wallets + multisig wallet setups.
Self-custody transfers the responsibility from a third party to yourself, so be sure to learn about using hardware wallets so you can do so confidently. While it’s convenient to hold your crypto with a third party, the only way to truly own your digital assets is to hold the keys yourself.
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Disclaimer: Nothing contained in our content constitutes a solicitation, recommendation, promotion, or endorsement of any particular security, other investment product, transaction, or investment. Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve substantial risk of loss and are not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not necessarily indicative of future results. I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.
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