peterjohn
Well-known member
Hot wallets have certainly become safer with advances in mobile security and biometric logins, but they’re still riskier than cold storage, especially for large holdings. Cold storage, like hardware wallets, remains the gold standard for security since they’re offline and immune to online hacks. For large holdings, I use cold storage for peace of mind, but for smaller amounts I’ll use a hot wallet like Best Wallet for speed and convenience. I balance speed vs. safety by keeping only what I actively trade in hot wallets, while long-term holdings stay in cold storage. As for breaches, I've never had a major incident, but I’ve been cautious with wallet approvals and dApp interactions.