Security First - Top 5 Hot & Cold Wallets

“Not your Keys, Not your Crypto” is a crypto truth you must never take lightly. When holding crypto, think about custody, security, and your freedom.

Crypto tokens can be stored in either custodial or non-custodial wallets. Custodial wallets have their keys held by third parties, while non-custodial wallets give you full access to your coins and lock everyone out.

In non-custodial wallets, we have hot and cold wallets. You use hot wallets frequently and are often connected to the internet, while cold wallets are offline. The direct internet connection poses more risks to hot wallets; however, not all hot wallets are inherently risky. Here is a list of five safe hot wallets.

Safe (formerly Gnosis Safe): Best-in-class for custody/multisig

Safe Wallet, also formerly called Gnosis Safe, is a widely used multisignature hot wallet for institutions and DAOs. Multiple teams and protocols also love it because it requires multiple independent signers, both software and hardware wallets, meaning there is never an online key to steal.

This wallet has multiple real-world use cases, such as hardware signing, Ledger/Trezor signing, third-party signers, and dApp integrations.