How to NOT Lose Your Crypto (DO THIS NOW)

It's getting crazy in the crypto industry. Numerous crypto lending platforms are running into trouble after the Terra/Luna and 3AC collapses. Voyager stands to lose $660M from the 3AC blowup and BlockFi *may* have had exposure. FTX Alameda Research gave BlockFi a $250M revolving line of credit and Voyager a $500M loan. Following Celsius, many crypto lenders have halted or limited customer withdrawals.

With such low yields to earn on top cryptocurrencies and the potential to lose 100% of your assets in the event of crypto lender bankruptcy, it's a smart move to act quickly and look into self-custody (cold storage) options like hardware wallets + multisig wallet setups.

Self-custody transfers the responsibility from a third party to yourself, so be sure to learn about using hardware wallets so you can do so confidently. While it's convenient to hold your crypto with a third party, the only way to truly own your digital assets is to hold the keys yourself.

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[vegetanewsome]

This video has aged extremely well and the timing was perfect. Someone listening to this video would have been saved immensely from the carnage affecting crypto rn.

[iamtheonewhoknocks]

Comment section is filled with scammers 🔥

[RogueTrader]

In hindsight, the reward is not worth the risk, but that was also true before, and not a lot of guys made the simple point (and you don’t need to be a financial genius to understand this) that if the interest rate seemed too good to be true, it was a risky venture. Otherwise, such a vast spread over the risk-free rate didn’t add up.

[sbeth]

You anticipated my question about continued use of BlockFi for interest on stablecoin, thanks!

[ultimatums]

misleading and clickbait video. this doesn't apply to coinbase. please correct the video title.

[nikhilbh]

Crypto will just crash from here..Bitcoin probably will reach around 6k by the end of 2023. This will never exchange cash and will just die. Period