Sep 4, 2020 · “Not your keys, not your coins” is a popular expression in the crypto world, and with good reason. Understanding where your keys are stored and who might possibly have access to them is integral to your crypto security.

Feb 8, 2025 · When people say, ‘Not your keys, not your crypto,’ they are referring to the popular notion that if an investor doesn’t personally own their public and private keys, then they don’t own their crypto assets.

Jun 14, 2023 · The term "not your keys, not your coins" means that you’re not in complete control over your cryptocurrency unless it’s stored in a digital wallet where you control your own private keys. Private Keys: A private key is how you prove ownership of the cryptocurrency that's stored on a public address.

Dec 20, 2023 · If you lose access to your wallet (like if your computer crashes or you forget your wallet password), you can use the seed phrase to restore access to your wallet and your funds on a new device. Because the seed phrase can be used to regenerate your private key, and therefore access your cryptocurrency, it’s as important as the private key ...

Jun 3, 2024 · “Not Your Keys, Not Your Coins” (NYKNYC) has become the rallying cry of self-custody advocates in the Bitcoin space. The phrase succinctly captures one of the most important relationships in Bitcoin: ownership over Bitcoin is directly tied to ownership over private keys.

Oct 4, 2023 · “Not your keys, not your coins” or “not your keys, not your crypto” expresses the belief that investors cannot be certain of their crypto holdings unless they are stored in a wallet for which they personally have the keys.

Feb 7, 2023 · “Not your keys, not your coins” is a widely recognized phrase in the crypto world and is related to the importance of private keys in securing your digital assets. In this article, we'll delve into the world of cryptographic keys and show you why having control of your private keys directly translates to having ownership of your coins.

If you don’t own your keys, you’re not the gatekeeper to your coins. Without a private key, your crypto is being held by a third-party (i.e. your preferred crypto exchange). They act the gatekeeper to your coins so long as your coins are on their exchange.

Jun 26, 2024 · The phrase "Not your keys, not your coin" is often used to encourage Bitcoin users to withdraw their BTC from custodial exchanges platforms. Literally, this expression highlights that not owning the keys to your Bitcoin wallets means not truly owning the BTC.

Mar 14, 2024 · In bitcoin, “Not your keys, not your Bitcoin” is always a reminder of the importance of self-custody and keeping your ownership for yourself. By retaining control of your private keys and adopting the best security practices, you can safeguard your Bitcoin holdings against potential threats.