# Type of Wallets

### Hot Wallets

Hot wallets are online wallets that are connected to the internet. They are software-based applications that are convenient and easy to use, but also more susceptible to hacking and security breaches. Examples of hot wallets include Metamask, Nami, and Flint.

### Cold Wallets

Cold wallets, on the other hand, are offline wallets that are **not** connected to the internet and can either be in the form of software or hardware. They are more secure than hot wallets because they are not susceptible to online attacks.

* Hardware (HD) wallets are USB-like devices which store and encrypt your wallet on a physical device. They are very secure, and the most resistant to hacks. Examples include HD wallets like Ledger and Trezor.
* Cold software wallets are called air-gapped wallets, and while offline, your wallet is still stored on a computer. If physically hacked, you can lose your assets.

## Comparison

<figure><img src="/files/aycvZHKLNvJfJNdsfy2p" alt=""><figcaption><p>Pros &#x26; Cons of Hot &#x26; Cold Wallets. Source: crypto.com/university</p></figcaption></figure>


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