🗽 The SEC has released plain‑language guidance for retail investors on how to store crypto assets safely. Here are the key points:

- Crypto sits on the blockchain; a wallet is access to it through private keys. Lose the key — lose the funds.

- The private key gives complete control and cannot be restored.

- Hot wallets are convenient but vulnerable to hacks; cold wallets are safer but less convenient and can be physically lost.

- The seed phrase is critically important: store it securely and never share it with anyone.

- Self-custody means full personal responsibility for safety.

- Custodial services (exchanges) are more convenient, but you lose full control and face risks of hacking or bankruptcy.

- Regulation and insurance do not guarantee the safety of funds.

- Consider fees, privacy, and maintain basic cyber hygiene (2FA, phishing protection, keeping keys confidential).

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