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Hot wallet vs hardware wallet
0:56BeginnerFree
Key points
- 01Hot wallet: quick, but online
- 02Hardware wallet: keys stay offline
- 03Hot for trading, hardware for savings
Read the lesson
- A hot wallet is an app on your phone (MetaMask, Trust Wallet). Quick and easy for trading, but only as safe as your phone, because it's online.
- A hardware wallet is a small device that keeps your keys offline. You confirm every transaction on the device, so a hacked phone or computer can't sign for you.
A simple rule: a hot wallet for trading money, a hardware wallet for savings you won't touch. Either way, your 12 words are the master key. Keep them offline.
Check yourself: (1) Where do a hardware wallet's keys live? (2) Which wallet connects to trading apps? (3) What still restores both?