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Academy

beginner · Wallets

Wallets 101: Hot, Cold and Custodial

Where your crypto actually lives, and who holds the keys.

A wallet holds the keys that prove you own your crypto. • Custodial wallets (exchanges) hold keys for you. Easy, but you trust them. • Hot wallets (browser/phone apps) give you the keys. Convenient for everyday use. • Cold wallets (hardware devices) keep keys offline. Best for long-term savings. Your recovery phrase IS your wallet. Write it on paper, never share it, never type it into a website.

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