NACA in the News: Trump is all in on crypto. So are the scammers

Salon, Trump is all in on crypto. So are the scammers

“When it comes to storing your private keys or the codes necessary to access crypto assets, you may need a hardware wallet — also known as a “cold wallet” — for offline safety. You also need a safe way to store your “seed phrase” — a sequence of words generated by a crypto wallet that allows you to recover your private keys. It’s a good idea not to share the phrase with anyone.

Common sense goes a long way, too.

‘If you don’t understand the product, don’t invest in it,’ said Ira Rheingold, executive director of the National Association of Consumer Advocates, who has testified before Congress on consumer finance issues.”