#CryptoSecurity101 Cold wallet:

Security:

It is the safest option, as it stores private keys on a physical device disconnected from the internet.

Convenience:

Less convenient for frequent transactions, as it requires additional steps to connect and carry out transactions.

Example:

Hardware devices such as Trezor or Ledger.

Uses:

Ideal for storing large amounts of cryptocurrencies long-term and protecting them from theft.

Hot wallet:

Security:

Less secure, as it is connected to the internet and may be vulnerable to attacks.

Convenience:

Easy to use for regular transactions and offers quick access to your funds.

Example:

Software applications like MetaMask or online platforms like Binance.

Uses:

Ideal for daily transactions, participation in DeFi, or staking.