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Crypto Trading 101

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Lesson 2, Topic 2
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Setting Up Your Wallet and Security Protocols

ATH July 18, 2025
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Before trading, you need a crypto wallet to store your assets. There are two main types: hot wallets and cold wallets.

Hot Wallets are connected to the internet and are more convenient for frequent trading. Examples include:

  • Software wallets (e.g., MetaMask, Trust Wallet)
  • Exchange wallets (your account wallet on Coinbase or Binance)

Cold Wallets are offline and offer greater security. Examples include:

  • Hardware wallets (e.g., Ledger, Trezor)
  • Paper wallets (printed QR codes with private keys)

Best Practices:

  • Always enable 2FA on your exchange and email accounts.
  • Never share your private keys or seed phrases.
  • Consider using a hardware wallet for long-term holdings.
  • Regularly update your software and be cautious of phishing attacks.