A basic guide for Bitcoin self-custody. The do’s and don’ts of managing your private keys to ensure that you always remain in control of your Bitcoin. It is a vital step in the direction of self-sovereignty. Bitcoin was designed exactly for this method of ownership. Self-custody brings the promise of freedom, but requires that you take extreme ownership of the assets under your control.
It seems like there’s a lot of negativity in many South Africans’ and Bitcoiners’ lives right now. Riots, inflation, corruption, load shedding and of course …
The integrity of your bank balance, pension, home and all your worldly physical possessions are subject to the rule of law being maintained. This weekend has shown us that this thin veneer can rapidly be breached.
But what if you owned an asset that cannot be confiscated? This asset exists, it’s called Bitcoin.
Some see this event as a warning sign, some this as an opportunity. In the long-term, China has effectively removed the last area of centralisation that Bitcoin has left.
The aim of this article is to detail the standard operating procedure for investors and advisors to self-custody Bitcoin.