{"id":5446,"date":"2024-12-28T19:16:02","date_gmt":"2024-12-28T19:16:02","guid":{"rendered":"http:\/\/localhost\/dpetkovski\/?p=5446"},"modified":"2024-12-28T19:16:02","modified_gmt":"2024-12-28T19:16:02","slug":"cold-wallet-vs-hot-wallet-hardware-software-wallets","status":"publish","type":"post","link":"http:\/\/localhost\/dpetkovski\/cold-wallet-vs-hot-wallet-hardware-software-wallets\/","title":{"rendered":"Cold Wallet vs. Hot Wallet (Hardware & Software Wallets)"},"content":{"rendered":"

I keep getting questions whether it’s worth it to buy BitBox02 or Keystone 3 Pro<\/a> if they already use MetaMask\/Exodus\/TrustWallet and have written the seed phrase on paper.<\/p>\n

Yes, it’s absolutely worth it<\/strong>.<\/p>\n

In this post, I’ll explain a few benefits and protections you gain with hardware wallets<\/a> that hot wallets don’t offer.<\/p>\n

But first, the\u00a0main value proposition<\/strong> that both these options share is self-custody<\/a>.<\/strong><\/p>\n

That means that you have complete ownership and control over your funds. No entity can freeze\/control\/censor your account or transactions.<\/p>\n

Of course, this holds true as long as you don’t expose your\u00a0seed phrase<\/em>\u00a0(12 or 24 words)<\/a> to a malicious third party, also known as a “scammer”<\/a>.<\/p>\n

Why Hardware Wallets are Superior<\/h2>\n

There is a single reason for this:<\/p>\n

Your seed phrase will never be on a device connected to the internet.<\/strong><\/p>\n

This means:<\/p>\n