The costliest thing in this space is never the transaction fees—it’s the price of not understanding the rules.
Today’s topic: cold wallets and hot wallets
A cold wallet is one where the private keys are generated and stored entirely offline. Hardware wallets are the most common type.
Never enter your hardware wallet’s recovery phrase into an online wallet. Create a separate wallet for everyday use.
Many people put the $BTC they plan to hold long-term in a cold wallet and keep what they need for daily use in a hot wallet. Current price: 81751.99.