📱 What is a wallet and why is it your best ally in the crypto world
A wallet (digital wallet) is an essential tool for storing, sending, and receiving cryptocurrencies. But more than that, it is the bridge between you and the blockchain. 🌐
💼 1. Types of wallets
There are two main categories:
Hot wallets: connected to the internet. They are convenient but more vulnerable. Example: Trust Wallet, MetaMask, Binance Wallet.
Cold wallets: offline, ideal for storing large amounts. Example: Ledger, Trezor.
🔐 2. Custodial vs. Non-custodial
Custodial: a third party (like an exchange) holds your private keys. Example: Binance, Coinbase.
Non-custodial: you have total control over your private keys. Example: MetaMask, Trust Wallet.
📊 3. What can you do with a wallet
Send and receive cryptocurrencies.
Connect with DeFi apps, games, NFTs, and more.
Make staking or participate in decentralized protocols.
🧱 4. Security above all
Enable two-factor authentication (2FA).
Never share your seed phrase.
Keep secure backups offline.
💡 5. Pro tip:
Use a hot wallet for your daily transactions and a cold wallet for your long-term savings.
🔸 Your wallet is your personal bank. If you control it, you are your own custodian.
🧩 This is an educational series about crypto from scratch
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📊 Fun fact:
More than 60% of cryptocurrency users use a hot wallet, but less than 20% have a cold wallet to protect their savings.
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