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Lesson 29

Crypto Custody & Risks

Crypto custody determines who controls the credentials needed to transfer an asset. A hosted account creates exposure to the custodian; self-custody makes key and recovery security your responsibility.
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Sahmino editorial· 1 August· 2 min read· Crypto

Crypto custody determines who controls the credentials needed to transfer an asset. A hosted account creates exposure to the custodian; self-custody makes key and recovery security your responsibility. A recovery phrase can give control over funds and must never be pasted into Sahmino, an assistant chat or an unsolicited support form. A proof-of-reserves statement is not automatically a full financial audit or a guarantee of customer recovery. Network fees, address format and irreversible transfers add risks separate from price volatility.

Worked example (hypothetical)

Two accounts show 1 token each, but one is a custodian’s internal balance and the other a directly controlled on-chain asset. The screen balance alone does not establish withdrawal access or legal priority in failure.

Check your understanding

Who can recover a lost self-custody key? There may be nobody. Check the actual recovery design before transferring value.

CryptoSahmino AcademyCrypto Custody

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