To mark the tenth anniversary of the genesis block – the first-ever block of Bitcoin mined – crypto holders across the globe are withdrawing funds from third party exchanges. Doing so, will ensure these exchanges are solvent and, more importantly, honors crypto’s founding principle of independence from centralized financial systems. This ‘Proof of Keys Celebration’ has gained steam and we are supportive.
At Blockchain, we’ve always believed that owning and controlling your private key – and with it your crypto – is the single most important aspect of using crypto. Without having full control over your private key, you’re missing the defining aspect of crypto: user controlled, sovereign assets. Not sure what your private key is? Learn more here.
Enabling users to “be your own bank” and truly maintain control of their crypto has been at the core of the Blockchain Wallet since its inception. Our passion for ensuring that users retain control over their funds was extended last year with the launch of Blockchain Swap, a next generation trading product that allows Blockchain Wallet users to exchange crypto quickly and with ease for the price you’d pay on exchange, without giving up control of your keys.
Not one of the 30M+ Blockchain Wallet holders using our platform to store, trade and transact while maintaining full control of your funds? It takes moments to create a free Blockchain Wallet with a verified email address and be on your way to taking back control of your crypto from centralized exchanges. Get started here.
Note to those planning to take part in the Proof of Keys Celebration: As you prepare to transfer funds from your exchange account to your wallet address, make sure to factor in withdrawal limits and network congestion. And, as always, it is critical to keep your private keys secure. Don’t share them with anyone you don’t want to share full control over your funds.