Wallet security · Lesson 02

Hot wallet vs hardware wallet

0:56BeginnerFree

Key points

  1. 01Hot wallet: quick, but online
  2. 02Hardware wallet: keys stay offline
  3. 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?