📅 Day 59 of 100 – Crypto Wallets: Hot vs Cold đŸ”„â„ïž

A crypto wallet stores your private keys — the digital codes that give you access to your cryptocurrencies.

There are two main types: Hot Wallets and Cold Wallets.

---

đŸ”„ Hot Wallets (Online)

Connected to the Internet

Quick access for daily trading

Examples: Trust Wallet, MetaMask, Binance Wallet, Coinbase Wallet

Pros:

✅ Easy to use

✅ Instant transactions

✅ Free or low-cost

Cons:

⚠ Vulnerable to hacks & phishing

⚠ Less secure for big holdings

---

❄ Cold Wallets (Offline)

Not connected to the Internet

Used for secure, long-term storage

Examples: Ledger, Trezor, SafePal, Paper Wallets

Pros:

✅ Maximum security

✅ Immune to online attacks

✅ Great for HODLing

Cons:

⚠ Less convenient

⚠ Costs money (hardware wallet)

⚠ Losing the device or seed = lost funds

---

💡 Pro Tip:

Use hot wallets for trading and cold wallets for storing your main savings.

Never share your seed phrase.

$BTC

#CryptoWallets