📚 Understand the basics before you store your crypto!

🔐 Custodian vs Non-Custodian Wallets

🔥 Hot vs Cold Wallets

🔐 Custodian Wallet

Your keys? Not really. A third party platform (like an exchange) holds your private keys.

✅ Easy access, good for beginners

✅ provide customer support, password reset

mechanism

⚠️ You rely on the provider’s security

⚠️ Most of them requires KYC verification to

comply with regulations and country specific policies

Example: Binance Wallet, Coinbase, Kraken, Bybit etc

🛡️ Non-Custodian Wallet

Your keys, your crypto. You control the private keys and are fully responsible.

✅ Full control and privacy

⚠️ Lose your key = lose your crypto

⚠️ Needs advanced technical knowledge

Example: MetaMask, Trust Wallet, Ledger etc

❄️ Cold Wallet

Offline = more secure.

Not connected to the internet—harder to hack.

✅ Great for long-term storage

⚠️ Less convenient for quick trades

⚠️ Vulnerable to physical damage

Example: Hardware wallets (Ledger, Trezor), Paper wallets etc

🔥 Hot Wallet

Online = more convenient and flexible.

Always connected to the internet.

✅ Easy access and fast transactions

⚠️ More vulnerable to hacks. Needs constant patching or updating for possible security holes.

Example: Mobile apps, web wallets, exchange wallets

💡Pro Tip:

Use hot wallets for daily use & trading. Use cold wallets for long-term holding (HODLing). Choose custodian for convenience or non-custodian for full control.

#CryptoSecurity #BinanceSquare #WalletTips #NotYourKeysNotYourCrypto #Write2Earn!