Today, when encrypted wallets are frequently used, their security is also of great concern, and it is particularly important to keep your encrypted assets in separate wallets for different purposes.
While using multiple wallets can be cumbersome, if all your assets are concentrated in one wallet, you will lose control of all your assets if your mnemonic phrase is lost or stolen.
hot wallet
Hot wallets are different from traditional wallets. Generally speaking, hot wallets are a convenient and fast way to store digital currency, suitable for daily use and small transactions.
However, it should be noted that since hot wallets are always connected to the Internet, there are certain security risks. Therefore, when using hot wallets, make sure to take necessary security measures such as setting strong passwords, enabling two-step verification, and backing up your wallet regularly.
1.MetaMask (Little Fox Wallet)
MetaMask is one of the most popular wallets and is widely used for operations such as DeFi and airdrops. It supports Ethereum Virtual Machine-compatible blockchains and provides a clean interface. Whether you are a veteran or a newbie, you can use it easily.
With a set of mnemonic phrases, you can create multiple wallet addresses to meet different needs and uses. These wallet addresses remain the same even if you change devices. But be careful to keep your mnemonic phrase safe, otherwise if it is lost or stolen, your wallet address and assets will also be lost.
All in all, MetaMask is a powerful and easy-to-use wallet suitable for a variety of users. But be sure to keep your mnemonic phrase properly to ensure the safety of your assets.
2.TP wallet
As a cryptocurrency wallet, P Wallet has the advantages of security, multi-chain support, convenience, community ecology and cross-platform support.
Users can safely manage and protect digital assets in the TP wallet, while conveniently performing operations such as transfers, collections, and balance inquiries. TP Wallet also actively builds a community ecosystem and cooperates with other projects to provide users with more choices and participation opportunities. In addition, TP Wallet provides multi-platform support, allowing users to conveniently manage and operate digital assets on different devices.
Overall, TP Wallet provides comprehensive features and experiences that enable users to better manage and protect their cryptocurrency assets.
cold wallet
A cold wallet is like a secure vault for storing cryptocurrencies. It is disconnected from the internet, so private keys are not exposed online, providing greater security.
1.Ledger and Trezor
Ledger and Trezor are two popular cold wallet brands.
All things considered, if you pay more attention to portability and simple operation, and also have higher requirements for security, Ledger may be a better choice.
However, Trezor is also a reliable cold wallet brand that can suit your needs if you’re not too concerned about hardware size.
2. SafePal
Compared with other cold wallets, SafePal S1 has simplified functions. For example, it does not support functions such as NFC, Bluetooth, USB, and Wi-Fi, and it cannot connect to external devices.
Although the SafePal S1 has some limitations in functionality, it is still a safe and reliable wallet option. It focuses on providing simple and easy-to-use cryptocurrency storage and management solutions, and through its cooperation with Binance, it provides users with a more convenient trading experience.
If you focus more on ease of use and compatibility with the Binance exchange, SafePal is a good choice.
3.AirGap
AirGap is a solution that turns a smartphone into a hardware wallet, providing secure storage of digital assets in an offline environment.
There are two ways to use AirGap:
①Offline use: Generate and store private keys on a secure device (such as a backup mobile phone) through the AirGap Vault application, and then use any wallet application to manage assets on your daily mobile phone.
②Same device use: Install the AirGap Vault and AirGap Wallet applications on the same device, generate and securely store private keys, and use secure communication between the two applications for asset management.
4.Safe
Safe is one of the largest multi-signature wallet platforms out there, providing a secure wallet solution that
Unlike traditional single-signature wallets, multi-signature wallets require multiple signers to create and manage them. This approach prevents single points of failure. Even if one wallet is attacked, assets in the multi-signature wallet cannot be moved unless all signers agree.
It should be noted that Safe currently only supports transactions on a single chain, so please make sure to only send assets on the same chain to the Safe wallet for management.
One final tip:
When using a crypto wallet on a mobile phone, it is recommended not to turn on facial recognition. Instead, set an access code that is different from your phone password. This way, even if your phone is lost and unlocked, a thief will still need an additional password to access your wallet. This gives you time to move your crypto assets to another safe location.
For those who are new to the crypto field, if they find mnemonics and private keys complicated, they can choose to use a well-known and reputable large exchange as a crypto wallet, because the exchange also functions as a centralized wallet to a certain extent.
