Does withdrawing crypto to my own wallet eliminate all third-party risk?

No. Self-custody reduces reliance on an exchange to hold keys, but introduces backup, phishing, software, smart-contract and device risks. Bridged or issuer-controlled tokens can retain additional counterparty risks.

The answer

No. Self-custody reduces reliance on an exchange to hold keys, but introduces backup, phishing, software, smart-contract and device risks. Bridged or issuer-controlled tokens can retain additional counterparty risks.

What to do next

Check the asset’s issuer controls and network, and test your wallet backup before withdrawing large amounts.

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Related crypto questions

Frequently asked questions

Can a stablecoin issuer freeze tokens held in a self-custody wallet?

On some chains and contracts yes, if its token contract includes blacklist or pause authority.

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