The biggest risk in crypto isn't the price, it's who's holding the keys
What this is about: Crypto has one mechanical feature that most other assets a Kenyan investor holds don't: ownership is defined by control of a private key, not by a name on a register. A share on the Nairobi Securities Exchange is recorded against your CDS account at a central depository.
Scenario two: a self-custody wallet with a lost seed phrase
• Custodial exchange: recovery depends on the exchange's solvency and how it segregated funds.
• Self-custody: recovery depends entirely on the holder retaining the seed phrase.
• Neither carries deposit insurance of the kind Kenyan bank accounts have.
The line to keep: Whoever holds the private key holds the asset. Everything else is a promise about how they'll behave.
Send me a chat with the word CHECK and I will send you the full lesson, free.
Last image: a portfolio on our demo account, sample holdings. Everything you own in one place, in one currency.
How do you read this one? Answer below.
Follow for a note a day on what the numbers actually say.
$BTC
#TradingPsychology #Crypto #CreviaCockpit
What this is about: Crypto has one mechanical feature that most other assets a Kenyan investor holds don't: ownership is defined by control of a private key, not by a name on a register. A share on the Nairobi Securities Exchange is recorded against your CDS account at a central depository.
Scenario two: a self-custody wallet with a lost seed phrase
• Custodial exchange: recovery depends on the exchange's solvency and how it segregated funds.
• Self-custody: recovery depends entirely on the holder retaining the seed phrase.
• Neither carries deposit insurance of the kind Kenyan bank accounts have.
The line to keep: Whoever holds the private key holds the asset. Everything else is a promise about how they'll behave.
Send me a chat with the word CHECK and I will send you the full lesson, free.
Last image: a portfolio on our demo account, sample holdings. Everything you own in one place, in one currency.
How do you read this one? Answer below.
Follow for a note a day on what the numbers actually say.
$BTC
#TradingPsychology #Crypto #CreviaCockpit
