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š Hot vs. Cold Wallets: How I Keep My Crypto SAFU (And You Should Too!) š
It's clear: **security is everything** in crypto. Letās break down the key differences between hot and cold walletsāand how to use both wisely.
**š„ Hot Wallets (Connected to Internet)**
- **Pros**: Fast access, great for daily trading (e.g., Binance Web3 Wallet, MetaMask).
- **Cons**: Vulnerable to hacks, phishing, and malware.
**āļø Cold Wallets (Offline Storage)**
- **Pros**: Unhackable if used right (e.g., Ledger, Trezor).
- **Cons**: Less convenient for frequent transactions.
**š”ļø My Security Setup**
1. **Cold Storage for Long-Term HODL**: 90% of my crypto stays offline.
2. **Hot Wallet with Limits**: Only keep what I need for trading.
3. **2FA + Whitelisting**: Binanceās withdrawal whitelist saves me from address poisoning scams.
4. **Hardware Wallet for DeFi**: Use a Ledger with MetaMask for added protection.
**šØ SAFU Best Practices**
- **Never share seed phrases** (no, not even with "support").
- **Bookmark DApps** to avoid fake sites.
- **Regularly update firmware** on hardware wallets.
How do you stay secure?