π’ Portfolio Trackers & Self Custody: How to make sure you never keep too much money with third parties
And how much is "too much"?
This article is part of the ASK ANJA Starter Kit For Crypto Beginners
If the last week in crypto has taught us one important lesson, itβs this:
Do not store (too much of) your funds with third-party custodians.
Third-party custodians are companies who hold your funds (instead of yourself):
Centralised exchanges where you can buy & sell crypto for either fiat or other cryptocurrencies
Centralised lenders that pay you interest on your crypto
Other custodians who you decided to trust more than yourself
Since you may be using several exchanges and wallets, how can you know how much is too much?