STAY TRUE TO
THE BITCOIN ETHOSBitcoin was created to be scarce, permissionless, and censorship-resistant. Give your bitcoin away to custodians, and you lose all these properties.
Bitcoin banks can censor payments to people from certain jurisdictions, require KYC to increase transaction limits, and can run on fractional reserves. Even worse: More than $5B has been lost by trusted custodians since 2011.