How to Store Cryptocurrency

Hot Wallets

Hot wallets are connected to the internet. They are convenient for daily use but are more exposed to hacking risks. Examples: MetaMask, Trust Wallet, Phantom.

Cold Wallets

Cold wallets (hardware wallets) store keys offline. They are more secure for long-term storage of large amounts. Examples: Ledger, Trezor.

Exchange Storage

Keeping crypto on exchanges is convenient but means you are trusting the exchange with your funds. If the exchange is hacked or goes bankrupt, you may lose access.

Basic Security Rules

• Never share your seed phrase or private keys.
• Use strong passwords and enable 2FA where available.
• Verify addresses before sending transactions.
• For large amounts, consider a hardware wallet.

For a detailed comparison of wallets, see our Wallets Overview.