#CryptoSecurity101 Basics of Cryptocurrency Trading - In-Depth Analysis #6: #CryptoSecurity101

In the world of cryptocurrency, "Not your keys, not your coins" is not just a meme, but a fundamental rule for survival. Whether you are trading daily or just holding cryptocurrencies, security is essential.

💡 Hot Wallets vs Cold Wallets - What's the difference?

Hot Wallets: Connected to the internet (e.g., MetaMask and Trust Wallet). Ideal for frequent access and decentralized finance (DeFi) interactions, but more susceptible to hacking.

Cold Wallets: Offline storage (e.g., Ledger and Trezor). Ideal for long-term storage and large amounts - almost resistant to hacking when used correctly.

🔄 My Setup

I use a hybrid strategy:

Hot wallet for daily transactions, NFT releases, and DeFi movements.

Cold wallet for long-term holdings and high-value assets.

This balances convenience with strong security.

🛡️ My Key Security Practices

Enable two-factor authentication (2FA) everywhere - not just on trading platforms.

Do not share or store your recovery phrases online (no screenshots, no cloud storage!).

Use hardware wallets for anything you don't want to lose.

Save official sites in favorites to avoid phishing.