The phrase “not your keys, not your crypto” emphasizes the significance of controlling your individual private keys – the cryptographic keys that grant entry to your cryptocurrency. In case your crypto is saved on an alternate or third-party platform, and you don’t maintain the personal keys, you’re basically trusting that platform to safeguard your property.
If the alternate is hacked, goes bankrupt, or restricts withdrawals, you could possibly lose entry to your funds. By holding your individual personal keys in a safe pockets, you preserve full management and possession of your cryptocurrency, lowering the danger of loss resulting from third-party failures.