Hot wallets
A hot wallet runs in a connected environment. It can be convenient for frequent transactions, but internet exposure increases the attack surface and makes phishing and malware more important.
Cold wallets
A cold wallet keeps keys more isolated from internet-connected environments. This can reduce some online risks, but it creates its own responsibilities around backups, physical storage and recovery.
Choose based on use
There is no universally best wallet. Frequent spending may favor convenience, while longer-term custody may justify a more isolated setup. The right choice depends on amount, frequency and risk tolerance.
Protect the recovery phrase
A recovery or seed phrase can restore access to a wallet. Do not enter it into websites, share it with support contacts or store it in an exposed cloud account.
FAQ
Can I use more than one wallet?
Yes. Many people separate wallets by purpose, but you need a clear backup and recovery process for each one.
Is an exchange safer than a wallet?
There is no universal answer. They expose you to different risks related to custody, access, keys and operational security.
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