The Risks Of Crypto Self-Custody Are Increasing For Investors

(MENAFN- Investor Brand Network) Deciding whether to invest in crypto long-term is a big move, but figuring out how to store digital assets securely might matter even more. Recent wildfires in California have brought this issue into focus. Some crypto holders shared stories online about losing their Bitcoin after storage devices or metal seed phrase plates were destroyed in the fires. While individual claims can't always be confirmed, the incident highlights the very real risks of managing your crypto.

There are generally two types of crypto storage: cold wallets (offline) and hot wallets (online). The latter, like those offered byBlockchain or Coinbase Global Inc. (NASDAQ: COIN) , are internet-connected and convenient for trading, but they are susceptible to...

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