Most Bitcoiners make at least one self-custody mistake. Between them, our guests have made nearly all of them.
In this special edition of Bitcoin Banter, Michael sits down with Mike from Bitcoin Straight Up and Bitcoin Katie to compare their journeys into Bitcoin self-custody. There are exchange collapses, Celsius and FTX, a hardware wallet bought from the wrong place and a seed phrase mistake that cost real Bitcoin.
They also get into why collaborative custody wasn't enough, whether you need to be technical to hold your own keys, and what changes once you run your own node.
Still keeping your Bitcoin on an exchange? Watch this before you repeat their mistakes.
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🔑 Where's your seed phrase right now? Learn how to store and back it up properly: https://www.thebitcoinway.com/services/bitcoin-self-custody-training?utm_source=tbw&utm_medium=fountain&utm_campaign=bitcoin-banter&utm_content=desc
📞 Wondering if our self-custody training is right for you? Book a free 30-minute call: https://www.thebitcoinway.com/contact?utm_source=tbw&utm_medium=fountain&utm_campaign=bitcoin-banter&utm_content=desc
📖 Join 14,000 readers of our weekly newsletter on self-custody, privacy and Plan B: https://www.thebitcoinway.com/resources/newsletter?utm_source=tbw&utm_medium=fountain&utm_campaign=bitcoin-banter&utm_content=desc
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⏱️ TIMESTAMPS:
00:00 - From Gold Bug to Bitcoin
03:19 - Every Custody Mistake in the Book
08:58 - The Seed Phrase Mistake That Cost Bitcoin
12:10 - Why Go Straight to Full Self-Custody?
21:29 - Do You Need to Be Technical?
26:39 - What Running Your Own Node Changes
35:51 - Reasons to Take Self-Custody
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🎙ABOUT OUR SHOW:
On Bitcoin Banter, Michael and members of The Bitcoin Way team discuss current events related to Bitcoin, macroeconomics, finance, politics, and more.
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❗DISCLAIMER:
This show is for entertainment purposes only. Before making any financial or legal decisions, consult a professional.