Hot wallets are internet-connected, like mobile or browser wallets, making them fast and easy to use for daily trading. However, they are more vulnerable to hacks, phishing, and malware. Cold wallets, such as hardware or paper wallets, are offline and much safer for storing large amounts of crypto, but they are slower to access and less convenient for frequent use. For best security, use hot wallets for small amounts and cold wallets for long-term storage.
My tips for staying SAFU:
– Use 2FA on all wallets
– Never share your seed phrase
– Store backup offline
– Avoid unknown links or dApps
– Keep wallet apps and firmware updated
– Use a cold wallet for big funds
Better safe than hacked—protect your crypto!