Concept of " Not your Keys, Not your crypto"
Concept of "Not Your Keys, Not Your Crypto" What is the meaning of "not your keys, not your crypto"? The phrase "not your keys, not your crypto" is a security mantra in the cryptocurrency community. It means that if you do not hold the private keys to your cryptocurrency, then you do not truly own it. The private keys are a secret code that allows you to access your cryptocurrency and send it to others. If you keep your private keys in a secure location, then you are the only one who can access your cryptocurrency. However, if you store your private keys on a third-party platform, such as an exchange, then you are trusting that platform to keep your keys safe. If the platform is hacked or goes out of business, you could lose access to your cryptocurrency. What is the definition of "not your keys, not your crypto"? The definition of "not your keys, not your crypto" is as follows: If you do not hold the private keys to your cryptocurrency