Kevin Bell, CFAFounder, Cadena Bitcoin · Founder, Cadena Bitcoin (developing Bitcoin credit markets and helping clients generate fiat yield or leverage Bitcoin exposure with full self-custody)

Exchanges can disappear keep your keys #podcast #bitcoin

3 Aug 2026 · 1 min

Watch on YouTube

0:54

Centralized exchanges can shut down, go bankrupt, commit fraud, or steal your money. When you let them hold your keys, your Bitcoin becomes as vulnerable as cash in a failing bank. Bitcoin's whole point is that you can control your own keys and protect your assets.

Chapters

exchanges that went under over the last bunch of years. You know, you give up, you give your custody, you allow somebody else to hold it. You just don't know what the future is. The government decides to shut them down, and they could do that arbitrarily for any reason, and your accounts are frozen. Then you're gonna have to wait for, uh, a trustee or whatever bankruptcy proceeding Uh, uh, it could just be a fraud. This central exchange, whoever's running it, could decide to abscond with your funds, just close the door tomorrow. Uh, much like having money in a bank, you can't access it unless they give it to you. So having your own keys and controlling your wallet, to me, is one of the most important things that Bitcoin allows us to do.