Moving to self-custody offers clear advantages. First, you gain true ownership. No one can freeze your funds, limit your transactions, or take a cut without permission.
In case this is your first rodeo and are venturing into unfamiliar territory: it all starts with 24 words plus 1 password. But think of these as 25 secrets. Safety rules are to write it on paper or stamp it on metal.
Bitcoin is classified as hard money because of its fixed supply cap of 21 million coins, which makes its creation mathematically constrained and resistant to political or central bank manipulation.
This algorithm processes on your phone and does not save nor transmit any data electronically. The 25 words you are about to create can be used to recreate all your bitcoin details if compromised.
Choose a password up to 50 characters. This is case-sensitive and can include numbers, spaces, and special symbols.