📚 Lesson 4: Hot and cold wallet - what's the difference?
Hello, crypto newbie! 😊 Let's figure out wallets, not the ones in your pocket, but the ones where your crypto lies 💰
🔥 Hot-wallet - always online
These are wallets like MetaMask or Trust Wallet. They are connected to the internet, which means:
✅ Convenient! Everything is at hand, you can quickly transfer and buy.
❌ But also more vulnerable - if you are careless, hackers are on the alert! 🕵️♂️💻
❄️ Cold-wallet - offline, like a refrigerator
Examples - Ledger, Trezor. They do not connect to the Internet directly:
✅ Very reliable - your crypto will not be "stolen" via the Internet.
❌ But it is a little less convenient to use - it takes time to connect.
💡 What to choose?
If you just want to play around, transfer a couple of coins 🪙 - take a hot-wallet.
But if you are storing something serious for the future 💼 - a cold-wallet will help you!
Save so you don't forget, and share with your friends! 🙌