Security and trust
Self-custody of cryptoassets requires a lot of knowledge, and personal responsibility also increases. Investors who hold their cryptoassets independently are their own bank. All protection and security measures that are normally assumed by the financial service provider must be taken and complied with by the customer themselves. Acquiring knowledge, finding the best crypto exchanges and experience can reduce the risks of self-custody, but no one wants to pay the price of learning how to recognize and avoid the risks of self-custody.
It can therefore be useful to call on expert knowledge for such activities. When crypto transactions are carried out via a bank such as PostFinance, the experts ensure that trading is efficient and custody is secure. This can be especially helpful for fledgling investors who don’t have much experience with cryptocurrencies. Furthermore, banks are well-established and regulated institutions that have strong security measures in place. Cryptoassets held at banks are usually well protected and less vulnerable to hacking or theft.
Whether you carry out your crypto transactions via a bank, crypto broker, crypto exchange or peer-to-peer depends largely on your individual needs. It is advisable to find out all the information about the specific services, costs and security measures. It is also important to know which providers allow buying, selling and custody of cryptocurrencies. PostFinance will soon be one of them and will be pleased to assist you where required.
Do you want to handle your Bitcoin and other cryptocurrency transactions independently? If so, it is important to ensure that you are fully informed of the technical basics and possible risks of cryptocurrencies. You can read more about this in the article “What you should know before investing in cryptocurrencies”.