#CryptoSecurity101

Hot wallets, such as mobile apps, provide ease of frequent trading but are connected to the internet, making them vulnerable to hacking. Cold wallets, such as hardware or paper wallets, store funds offline, enhancing the security of long-term investments. I use a cold wallet for savings and a hot wallet for active trades, with multi-factor authentication and regular backups. Best practices include using strong and unique passwords, enabling two-factor authentication, avoiding public Wi-Fi networks for transactions, and keeping software updated. Maintaining your security (SAFU) requires vigilance, diversifying storage, and staying informed about phishing threats to protect your crypto assets.