What Is a Self-Custody Wallet? A self-custody wallet is a cryptocurrency wallet where the user holds the private keys that control access to their digital assets. The private key is a cryptographic code used to sign transactions, providing proof that the person initiating the transaction is the rightful owner of the cryptocurrency. With self-custody wallets, the responsibility for safeguarding these keys lies entirely with the user. https://www.cipherbc.com/cipherbcFlexify These wallets can come in various forms, including: Software Wallets: These are applications or software that can be installed on a computer or mobile device, enabling users to manage their private keys and assets. Hardware Wallets: These are physical devices designed specifically to store private keys offline. They provide an added layer of security by keeping the keys away from internet-connected devices. Paper Wallets: A paper wallet involves printing or writing down the private keys and public addresses on a physical piece of paper, which is then stored in a safe location. Since self-custody wallets are not controlled by any third party, users are solely responsible for keeping their private keys secure. Losing access to a private key means losing access to the associated cryptocurrency, making proper security practices essential. https://www.cipherbc.com/cipherbcFlexify