Choosing a wallet
Hot vs cold, browser vs hardware — which is right for you?
A crypto wallet doesn't store coins — it stores the keys to them. It's like a bank PIN, but if you lose it, no one can help you. Choosing a wallet is one of the most important decisions in crypto.
Two worlds: Hot vs Cold
Connected to the internet. Convenient, fast, free. Ideal for daily use and smaller amounts.
Risk: vulnerable to hacks and phishing.
Not connected to the network. Keys never leave the device. Ideal for storing larger amounts long-term.
Risk: costs money, you can lose the device.
Types of wallets — which to pick?
E.g. MetaMask, Phantom. Quick access, ideal for DeFi and NFTs. Start here if you're new to crypto.
E.g. Trust Wallet, Exodus. Convenient for daily transactions, QR scans, payments. Keep only what you'd carry in a cash wallet.
E.g. Exodus, Electrum. More features than mobile, still a hot wallet. Good compromise for intermediate users.
E.g. Ledger, Trezor. The highest level of security. If you hold more than a month's salary equivalent — it's not optional, it's mandatory.
Educational content. Not financial advice.