How can crypto currencies contribute to gain freedom and control over your finances? Traditional financial institutions are becoming increasingly authoritarian and privacy invading, especially in Western countries. Banks increasingly freeze bank accounts or refuse service, sometimes because of government regulations or for political reasons. Also, inflation is slowly eating away the purchasing power of savings in fiat currencies such as the dollar and euro every year.
Crypto currencies provide potential solutions to these problems. This website gives an overview of some of these tools, avoiding going into technical details as much as possible.
Self custody
Self custody allows you to send, receive and hold crypto funds under your own control without permission from a third party such as a financial institution or a centralized exchange.
Decentralized Exchanges
A Decentralized Exchange or DEX allows you to exchange one cryptocurrency for another without permission from a third party such as a financial institution or a centralized exchange.
Privacy & Anonymity
There are various ways to shield your identity from the amount of funds you have and transactions you make.
Decentralized Finance
Decentralized Finance or DeFi applications offer various ways to get yield on crypto currencies without permission from a third party such as a financial institution or a centralized exchange.
Common mistakes
There are a couple of best practices to keep your funds save and to protect yourself against hacks or scams.