Self-custody of cryptocurrency provides full control but requires greater responsibility due to the risk of losing keys or seed phrase.
Cryptocurrency custodial wallets offer convenience but come with third-party risk as users depend on the custodian to safeguard their assets.
A balanced approach is recommended, with a hybrid strategy of self-custody for long-term holdings and custodial solutions for trading or short-term funds.
Ownership of cryptocurrency demands responsibility and understanding of the risks involved in different storage methods.