Let’s talk about security for a second. Specifically, how to protect your money. Whether it is cash, a bank account, crypto, or a few gold bars in your mattress, the elements are the same. You have a tradeoff of protection vs. accessibility. If you put your money in a vault within Fort Knox, it is probably very safe. However, it is not going to help you buy a cappuccino during your trip to Milan.
On the other hand, if you have a big wad of 100 Euro bills with you, buying that delicious cappuccino is no problem. However, out of the hundreds of people who saw you pull out your money, peel off one to pay for the coffee, and put the rest in your back pocket… let’s just say that at least one is going to have that money before the day is out.
For crypto, you have the same tradeoffs, and you have some key decisions to make before setting up your crypto holdings. While there are subtle variations, there are two main types of crypto wallets: custodial, and non-custodi
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