Lark Davis advocates self custody in crypto management strategy
@TheCryptoLark: Lark Davis on crypto custody
Lark Davis, a prominent cryptocurrency advocate, recently emphasized the importance of self-custody in managing digital assets.
In a tweet, Davis urged investors to transfer their cryptocurrencies from exchanges to cold wallets, highlighting self-custody as ''the only way''. This move comes amid ongoing discussions in the crypto community regarding the security risks associated with leaving assets on exchanges.
Cold wallets, which store cryptocurrencies offline, are commonly viewed as a more secure option for safeguarding digital assets against hacking attempts and exchange outages. Davis’ advice resonates with a broader sentiment among crypto enthusiasts who prioritize security and control over accessibility.
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In the previous news, tweet author Lark Davis discussed the potential for significant cryptocurrency market gains.
