🔐 Wallet Types Ranked by Security
1. Hardware Wallet (Ledger/Trezor) - BEST
Security: ⭐⭐⭐⭐⭐ | Cost: $50-150
Private key stored on device (never online). Even if computer hacked = funds safe. Ledger Nano S Plus = best value ($70).
2. Self-Custody Software Wallet (MetaMask) - GOOD
Security: ⭐⭐⭐⭐ | Cost: Free
Private key in browser/phone. Vulnerable if device compromised. Only for small amounts (<$1000). Always use strong password + backup seed phrase.
3. Exchange Wallet (Coinbase/Kraken) - WORST
Security: ⭐⭐⭐ | Risk: Counterparty (exchange hacked = YOU lose)
Exchange controls keys. If they get hacked, 0 guarantees. Only keep trading amounts on exchange. Move rest to hardware wallet.
🛡️ Seed Phrase Protection: Golden Rules
✅ DO: Write down 12-24 word seed on paper (offline). Store in safe or vault. Multiple copies in secure locations.
❌ DON'T: Screenshot seed phrase. Store on phone/laptop. Share with ANYONE (even exchanges). Type into websites.
⚠️ RISK: Lose seed phrase = LOSE access FOREVER. No customer support. Lost funds gone.
→ Seed phrase = your keys. Protect like your life depends on it.
❓ Quick Security Checklist
⚠️: Security is YOUR responsibility. Crypto = no FDIC insurance. Lost = gone forever.