Cold vs Hot Wallets - Which Crypto Storage is Better?
Both cold and hot wallets help you store cryptocurrencies - but which is better for your needs? Let’s compare the pros and cons of each.
Comparison Table
Cold Wallets
Hot WalletsWhen to Use Each
- Cold Wallet: You’re holding 1 BTC you don’t plan to move for years. You store it in a Ledger Nano and keep it offline - safe from hacks.
- Hot Wallet: You’re trading on the go and need quick access to DEXes - MetaMask or Trust Wallet are perfect for this.
Summary
Use cold wallets for security and long-term storage. Use hot wallets for convenience and frequent access. Advanced users often combine both for optimal safety and usability.
Explore Wallet Tools
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Infographic
Compare Wallets by Type
Still unsure which wallet fits your needs? Explore detailed comparisons of mobile, browser-based, and hardware wallets.