Day 3 Understanding Crypto Wallets: Hot vs Cold

Before trading, you need a crypto wallet to store your assets. There are two main types: Hot wallets (connected to the internet, like mobile or web wallets) are convenient for quick access and daily trading. Cold wallets (offline, like hardware wallets) offer stronger security for long-term storage. Beginners usually start with hot wallets for ease, but knowing when to switch to cold wallets can protect your profits as you grow. Always remember: Not your keys, not your crypto.

$HOT