📌 The Difference Between Hot Wallets and Cold Wallets
If you are new to the world of cryptocurrencies, you need to know how to keep your coins safe!
Here’s a simple comparison:
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🔥 Hot Wallets
These are wallets connected to the internet, such as:
📱 Mobile Apps [Trust Wallet + MetaMask]
💻 Browser Extensions
🌎 Exchange Wallets
✔️ Advantages:
– Easy to use
– Suitable for daily trading
❌ Disadvantages:
– Vulnerable to hacking
– Requires strong protection (2FA, strong passwords)
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❄️ Cold Wallets
These are wallets that are not connected to the internet, such as:
🛡 Cryptocurrency Hardware (Ledger, Trezor)
📝 Paper Wallets
✔️ Advantages:
– Very high security
– Ideal for long-term storage
❌ Disadvantages:
– Less user-friendly
– If you forget the password or lose the device, you may lose access
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✅ When to use each one?
– Daily and quick trading? → Use Hot Wallet
– Long-term storage and security? → Cold Wallet is better
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