Hot wallets vs. cold wallets is like the difference between keeping cash in your phone wallet vs. locking it in a safe. Hot wallets (like mobile apps or browser extensions) are always connected to the internet—super convenient for daily trading but more exposed to hacks. Cold wallets (like Ledger or Trezor) are offline, making them way harder to breach—perfect for long-term storage.
My setup? I use a hot wallet for small, everyday transactions and a cold wallet for big holdings. I enable 2FA, use hardware keys, never click sketchy links, and double-check addresses (especially with copy-paste tricks). Also, I keep seed phrases offline—not on cloud or notes app.
Best practices to stay SAFU:
Use hardware wallets for serious funds.
Enable multi-factor authentication everywhere.
Never share your seed phrase—not even with your cat.
Double-check URLs before logging in.
Stay updated on scams—if it sounds too good, it is.
Stay sharp, stay SAFU. 💪
