SEC Publishes Crypto Custody Guidelines for Individual Investors
🔸 Crypto custody is how you store and access your crypto assets through a wallet.
🔸 A crypto wallet doesn't hold the crypto itself, but its private key, the key to controlling your assets.
🔸 Losing your private key or seed phrase means losing your crypto permanently.
🔸 Hot wallets are convenient but riskier; cold wallets are safer but can be lost.
🔸 Investors can self-custody or use a third party such as an exchange.
🔸 Self-custody gives you full control but also full responsibility.
🔸 Using a third party is more convenient, but you must trust that they will protect and not misuse your assets.
🔸 Always keep your seed phrase secure, do not share your private key, and be wary of scams.