Crypto Custody

Who Actually Holds Your Crypto? Private Keys, Wallets, and Centralized vs Decentralized Exchanges

This lesson explains what owning crypto actually means: what a private key and a recovery phrase do, why a balance on an exchange and a balance in your own wallet are two completely different things, where centralized and decentralized exchanges part ways, and which legal and security risks are specific to Iran's market, with a labelled hypothetical example and several dated facts.