How Safe Is Your Crypto from Thieves & Corruption?
Chris Dunn
Something I hear from a lot of people is they're afraid to actually self custody, their own crypto, because they're afraid they're going to lose their seed phrase or screw something up and lose everything. First thing I would say is, yes, that's a risk. You got to learn and know what you're doing, but at the end of the day, it's about taking responsibility for your own sovereignty, got to look at this and say, do I care about my wealth?
And would I rather trust myself or a financial institution? And if the answer is. I want to trust someone else. That's fine, but you're taking on counterparty risk. I think it is a really solid and smart thing for people to learn how to use hardware wallets and learn how to actually self custody because if the shit ever hits the fan or have some kind of banking crisis, it's just nice to know that you.
Have ultimate control over your wealth. And it's really not that scary. It just takes a little bit of work for less than a hundred bucks. You can get a really high quality hardware wallet and know that you have total control over your wealth.
=====
Get my FREE investing newsletter: https://chrisdunn.com/daily-dough
Subscribe on YouTube: https://www.youtube.com/chrisdunntv
Subscribe to the We Talk Money Podcast: https://wetalkmoney.com
Join our wealth building community for investors and entrepreneurs: https://chrisdunn.com/community
Connect with Chris:
Twitter: https://www.twitter.com/ChrisDunnTv
Instagram: https://instagram.com/chrisdunntv/
Cryptocurrency Resources:
- Best charting platform: https://chrisdunn.com/tradingview
- Free Bitcoin basics course: http://chrisdunn.com/bitcoin-basics
- Crypto trader & investor community: https://chrisdunn.com/community
- Buy Bitcoin at Coinbase: https://chrisdunn.com/coinbase
=====
Disclaimers:
- I'm not a financial advisor, attorney, or tax professional, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. Do your own due diligence, and take 100% responsibility for your financial decisions.
- I will NEVER ask you to send me money to trade for you, directly buy or sell cryptocurrencies from you, or pump a specific market. Please report any suspicious emails or fake social media profiles claiming to be me. See this blog post for more info: https://chrisdunn.com/impersonators
- Trading and investing are risky! Don't invest money you can't afford to lose, because many traders and investors lose money. There are no guarantees or certainties in trading.
- My videos may contain affiliate links to products I believe will add value to your life.
- Read the full disclaimer here: https://chrisdunn.com/disclosure/ ... https://www.youtube.com/watch?v=6SVyKdBJyL8
4692791 Bytes