In what ways do you manage self-custody of your assets?

Managing self-custody of assets involves taking personal responsibility for securing and controlling your own financial assets, such as cryptocurrencies, precious metals, or other investments that you prefer to store independently from third-party providers. Here are several strategies that individuals and investors typically use to manage self-custody:
Hardware Wallets: These are physical devices that store the private keys necessary to access and manage your digital assets offline, providing strong security against online threats. Popular hardware wallets include Ledger and Trezor.
Paper Wallets: This method involves printing your private and public keys on paper, which you store in a secure physical location. It’s crucial to make several copies and keep them in different secure places to prevent loss from environmental damage or accidents.
Secure Storage: For physical assets like gold or silver, use a highly secure safe or a safe deposit box within a bank that you trust. Ensure that these storages are resistant to fire, flood, and theft.
Password Management: Use complex and unique passwords for any accounts associated with your assets, and consider using a reliable password manager to keep track of them. Enable two-factor authentication wherever possible for added security.
Multi-signature Wallets: These require multiple signatures to authorize a transaction, adding an extra layer of security. This is particularly useful for shared accounts, where multiple parties are involved in asset management.
Regular Backups: Regularly back up your wallet data and any associated documents securely, ensure these backups are encrypted, and store them in multiple locations both physically and digitally.
Education and Vigilance: Stay informed about the latest security threats and best practices in self-custody. Vigilance is key to safeguarding your assets against phishing attacks, malware, and other cyber threats.

By implementing these strategies, you can significantly enhance the security and autonomy of your self-custody management, empowering you to maintain full control over your assets.