Replying to Avatar Chewstr

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A lot of high profile Bitcoiners think its perfectly fine to onboard new people to custodial wallets, arguing that its merely a first step to self custody. Perhaps, but its just as likely that its their first step to losing their life savings.

Ignore "not your keys, not your coins" at your peril.
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Majere 2y ago

for some it might be an easy way to "test the waters" but in the long run they'd be better off just learning a bit more & going self-custody

but people are used to banks & that is their normal

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