What are the types of crypto wallets?

[Callie]

There are two primary types of crypto wallets: hot and cold. Hot wallets are internet-connected and include mobile applications, desktop wallets, and web wallets, which are great for quick access and regular transactions. On the other hand, cold wallets are offline storage options like hardware wallets or paper wallets, offering higher security because they’re not exposed to online threats. If you're actively trading or spending crypto, hot wallets are convenient, but if you're holding large amounts long-term, cold wallets are the safer choice.