#CryptoSecurity101 *Hot vs. Cold Wallets**

🔥 **Hot Wallets**

- **What**: Digital wallets connected to the internet (e.g., mobile apps, browser extensions, exchange accounts).

- **Pros**:

- Convenient for quick transactions and daily use.

- Easy access via smartphones or computers.

- Often free or low-cost.

- **Cons**:

- Vulnerable to hacks, phishing, and malware due to online exposure.

- Reliant on third-party security (e.g., exchanges).

- **Best for**: Small amounts for frequent trading or spending.

- **Examples**: MetaMask, Coinbase Wallet, Trust Wallet.

🧊 **Cold Wallets**

- **What**: Offline storage devices (e.g., hardware wallets, paper wallets).

- **Pros**:

- High security, immune to online attacks when offline.

- Full control over private keys.

- Ideal for long-term storage.

- **Cons**:

- Less convenient for frequent transactions.

- Physical loss or damage risks (e.g., losing the device or seed phrase).

- Upfront cost for hardware wallets.

- **Best for**: Large crypto holdings or long-term HODLing.