#CryptoSecurity101 Hot wallets are internet-connected, offering convenience for frequent transactions. However, this online presence makes them more vulnerable to hacking and cyber threats. Examples include mobile, desktop, and exchange wallets.

Cold wallets store crypto private keys offline, providing superior security against online attacks. They are ideal for long-term storage of significant assets but require more steps to access funds. Hardware wallets (like USB-like devices) are a common type of cold wallet.

For securing crypto funds, a combination of both is often recommended: use a hot wallet for small amounts needed for active trading and a cold wallet for larger, long-term holdings. While 2FA significantly enhances hot wallet security, it's not foolproof. Strong, unique passwords and awareness of phishing scams are also crucial.