Crypto wallets are categorized into two main types: hot wallets and cold wallets.

Hot wallets are connected to the internet, making them user-friendly for quick transactions. They include mobile wallets (like Trust Wallet), desktop wallets (like Exodus), and web wallets (like Coinbase). However, they are more susceptible to hacks.

Cold wallets, on the other hand, are offline and provide superior security for long-term storage. They include hardware wallets (like Ledger and Trezor) and paper wallets. While cold wallets are less convenient for frequent trading, they are ideal for safeguarding large amounts of cryptocurrency against cyber threats. visit webisite:https://www.tradeflockasia.com/types-of-crypto-wallets/