Learn about cryptocurrency wallet types, how to choose the right one, and best security practices.
Crypto Wallet Guide
A cryptocurrency wallet is a tool for managing digital assets, storing your private keys (the passwords that control your assets).
Wallet Types
- Hot Wallet: Connected to the internet, convenient but less secure. E.g., MetaMask, Trust Wallet
- Cold Wallet: Offline storage, highest security. E.g., Ledger, Trezor
- Exchange Wallet: Most convenient but you don't control private keys (Not your keys, not your coins)
How to Choose
- Small amounts + frequent trading: Hot wallet
- Large amounts + long-term holding: Cold wallet
- Beginners: Exchange wallet + learn to transfer to personal wallet
Security Best Practices
Backup seed phrase: Write it on paper, store in a secure location, never screenshot or save to cloud
Enable 2FA: Use Google Authenticator, avoid SMS
Distribute storage: Don't keep all assets in one wallet or exchange
Keep updated: Always use the latest wallet software version