#CryptoSecurity101

Hot wallets, like mobile applications, provide ease of frequent trading, but they are connected to the internet, making them susceptible to hacking. Cold wallets, like hardware or paper wallets, store funds offline, enhancing the security of long-term investments. I use a cold wallet for savings and a hot wallet for active trading, with multi-factor authentication and regular backups. Best practices include using strong and unique passwords, enabling two-factor authentication, avoiding public Wi-Fi for transactions, and updating software. Maintaining your security (SAFU) requires vigilance, diversifying storage, and staying informed about phishing threats to protect your crypto assets.