Many beginners stumble at the very first step on the two words "wallet".
First, remember this concept:
Exchange account ≠ your wallet,
What truly belongs to you is the wallet where you control the private key/seed phrase.
Wallets can be roughly divided into two categories:
1️⃣ Hot Wallet
Mobile App, browser plugin
Always online, suitable for daily small transactions, interactions, and claiming airdrops.
Risk: Connected to the internet, easily targeted by phishing links and malicious authorizations.
2️⃣ Cold Wallet
A small hardware similar to a USB drive, usually offline.
Suitable for long-term, large storage.
Operations are a bit more complicated, but security is higher.
A simple principle for beginners:
For experimentation & practice: use a hot wallet.
For real big money: keep it in a cold wallet.
All money: do not screenshot and send your seed phrase to anyone.
Later, I will release a separate article focusing on "seed phrase security" and common failure cases.🔐