Cryptocurrency security differs fundamentally from traditional financial security. In the traditional system, banks act as custodians of your funds. They implement security measures, monitor transactions, and provide recovery options.
In the crypto world, you are your own bank.
This concept is often summarized by the phrase:
“Not your keys, not your coins.”
This means that ownership of cryptocurrency is determined entirely by possession of private keys. If someone gains access to your private keys, they gain complete control over your funds.
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