📅 Day 59 of 100 – Crypto Wallets: Hot vs Cold 🔥❄️
A crypto wallet stores your private keys — the digital codes that give you access to your cryptocurrencies.
There are two main types: Hot Wallets and Cold Wallets.
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🔥 Hot Wallets (Online)
Connected to the Internet
Quick access for daily trading
Examples: Trust Wallet, MetaMask, Binance Wallet, Coinbase Wallet
Pros:
✅ Easy to use
✅ Instant transactions
✅ Free or low-cost
Cons:
⚠️ Vulnerable to hacks & phishing
⚠️ Less secure for big holdings
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❄️ Cold Wallets (Offline)
Not connected to the Internet
Used for secure, long-term storage
Examples: Ledger, Trezor, SafePal, Paper Wallets
Pros:
✅ Maximum security
✅ Immune to online attacks
✅ Great for HODLing
Cons:
⚠️ Less convenient
⚠️ Costs money (hardware wallet)
⚠️ Losing the device or seed = lost funds
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💡 Pro Tip:
Use hot wallets for trading and cold wallets for storing your main savings.
Never share your seed phrase.
