Not your keys, not your coins 🔑
The recent collapse of FTX proves to users that even the largest custodians cannot be considered reliable. By giving the money for storage to someone, you may not get it back.
Blockchain allows users to independently store their own funds — you just need to securely store the seed phrase and not show it to anyone.
Are you sure that your seed phrase is securely stored in several places? When the event that destroyed one instance of it occurs, it will be too late to create copies. Read our material about ways to securely store the seed phrase, perhaps you will learn new and useful information for yourself.
On the EverKit website, wallets for Everscale are divided into custodial and non-custodial. We recommend using only non-custodial wallets to store funds. We wrote more about the difference between the types of wallets in this post.
Your keys are your coins!
#blockchain #key #info #post
The recent collapse of FTX proves to users that even the largest custodians cannot be considered reliable. By giving the money for storage to someone, you may not get it back.
Blockchain allows users to independently store their own funds — you just need to securely store the seed phrase and not show it to anyone.
Are you sure that your seed phrase is securely stored in several places? When the event that destroyed one instance of it occurs, it will be too late to create copies. Read our material about ways to securely store the seed phrase, perhaps you will learn new and useful information for yourself.
On the EverKit website, wallets for Everscale are divided into custodial and non-custodial. We recommend using only non-custodial wallets to store funds. We wrote more about the difference between the types of wallets in this post.
Your keys are your coins!
#blockchain #key #info #post