#DiversifyYourAssets Hot wallets - These crypto wallets are connected to the internet and are usually non-custodial (unless you use a centralized exchange). Hot wallets are easy to use for making transactions, but they carry some security risks. Your private key is stored online along with your public key and can usually be accessed using a password set by the user. Just like any password protected service, you can be hacked or phished. To mitigate this risk, you should also use a two-factor authentication (2FA) method.

4. Cold wallet - You store private keys offline on special hardware. This option is the most secure way to store BSC tokens, but is often the most cumbersome method of conducting transactions and interacting with DApps.

You can easily use a combination of the above options to combine their strengths. However, for everyday transactions and DeFi applications, noncustodial hot wallets are a powerful and flexible option. Let's take a look at some of the most popular options.