#CryptoSecurity101 Hot Wallets: Quick & Convenient

What: Software wallets (apps or browser extensions) connected to the internet.

Best For: Frequent transactions and trading.

Pros:

Instant access to funds.

User-friendly interfaces.

Often free to use.

Cons:

More vulnerable to online threats like hacking and malware.

Private keys stored online can be compromised.

🧊 Cold Wallets: Secure & Offline

What: Hardware or paper wallets that store private keys offline.

Best For: Long-term storage of large amounts of cryptocurrency.

Pros:

Enhanced security by being offline.

Less susceptible to cyberattacks.

Full control over your private keys.

Cons:

Requires purchase (typically $50–$250).

Less convenient for frequent transactions.

Risk of loss if the device or recovery phrase is misplaced