Day 6 ā Crypto Wallets: Hot Wallet vs Cold Wallet
š Where should you store your crypto safely?
A crypto wallet is used to store, send, and receive cryptocurrencies.
There are two main types of wallets:
š„ Hot Wallet
Connected to the internet
Examples: Binance wallet, mobile & web wallets
Easy to use and best for active trading
āļø Cold Wallet
Offline storage (not connected to the internet)
Examples: hardware wallets
Provides maximum security for long-term holding
How to use them smartly:
ā¢ Use hot wallets for daily trading
ā¢ Use cold wallets for long-term savings
Key Takeaway:
š Hot wallet = convenience | Cold wallet = security.
Save this post to keep your crypto safe and secure.
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