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Oct 16 โ€ข ๐Ÿ’ฌ Discussion
Money in your bank account is NOT YOUR money
When you deposit money into a bank it's legally now the banks money - not yours.
So don't get mad at them for setting transfer/withdraw limits.
It's their money.
They can do whatever the fk they want with it.
They have the right to protect it and make it hard for you to get.
It's theirs.
Not yours.
Depositing cash into a bank = giving your money away and HOPING they give it back.
I only keep $ in the bank I'm willing to lose.
Same with crypto on an exchange.
It's not yours.
It's the exchanges.
Not your keys, not your coins.
Read this if you haven't already to learn more about why exchanges are HIGH RISK.
This is why I self custody my BTC in cold storage using a ColdCard Q.
BTC is unconfiscatable, permissionless, censorship-resistant money when kept on cold storage.
Don't be dumb.
Self custody today.
23
11 comments
Ted Carr
7
Money in your bank account is NOT YOUR money
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