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💻 Software wallets (hot wallets)

• Connected to the internet, easy to use for frequent transactions.

• Examples: MetaMask, Trust Wallet, Phantom, Exodus

• Pro: fast and convenient

• Con: more exposed to hackers

🔐 Hardware wallets (cold wallets)

• Physical devices (e.g., Ledger, Trezor) that store keys offline.

• Pro: very high security

• Con: initial cost, less practical for daily transactions

📝 Paper wallets

• Private key written or printed on paper.

• Used less frequently in 2025 due to physical risks (loss, damage).

🌐 Custodial wallets

• Providers (e.g., Binance, Coinbase) manage the private key for you.

• Pro: easy to use, direct integration with the exchange

• Con: you do not have full control over the funds (“Not your keys, not your coins”)