wallet vs Cold wallet.

Hot wallets are connected to the internet, offering convenience for frequent trading, but they're more vulnerable to hacks. Cold wallets, like hardware or paper wallets, stay offline, making them ideal for long-term storage and enhanced security.

Personally, I use a cold wallet for major holdings and a hot wallet with 2FA for daily use. I whitelist withdrawal addresses and regularly update device firmware.

Best practices include using strong, unique passwords, enabling multi-factor authentication, and never sharing seed phrases