๐ฐ Do you know where to store your Bitcoin?
There are different types of wallets to store your cryptocurrencies, and it is important to know them to keep your money safe ๐
๐น 1. Hot Wallet
It is connected to the Internet, like mobile apps.
๐ It is easy to use, but less secure if you get hacked.
๐น 2. Cold Wallet
It is not connected to the Internet, like hardware wallets (USB type).
๐ Very secure for storing your Bitcoin for a long time.
๐น 3. Custodial vs No Custodial
Custodial: another company (like Binance) holds your keys.
No custodial: you have the keys, you are in control.
๐ก Tip:
Use a hot wallet for day-to-day transactions and a cold wallet for your long-term savings.
๐ Remember: โIf they are not your keys, they are not your Bitcoin.โ
What type of wallet do you use? ๐
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