The internet seems like a safe highly secured arena for your information until it's not the world has recorded cases of password leaks and security violations over the internet with the huge volumes of cryptocurrencies being exchanged on a daily basis over the internet the need for a strong security system cannot be overemphasizedThat is where crypto wallets come in a crypto wallet like a traditional wallet is a storage platform for your cryptocurrency there are various types of wallets offering varying levels of security and flexibility let's learn all about them cryptocurrency presents as a group of codes stored on the blockchain with thePublic key users are able to send you crypto while your private key unlocks your crypto to you crypto wallets store the keys to your crypto there are two main categories of crypto wallets hot and cold wallets hot wallets have an internet connection while cold wallets come in physical formAnd are not connected to the internet hot wallets are relatively more flexible as you are able to access your funds from anywhere at any time however they offer less security because they are digital and so have some level of vulnerability cold wallets are more secure since theyHave no connection to the internet but are less flexible since they cannot be utilized while on the go within the hot and cold wallet categories there are three main subtypes that can further customize your storage experience they are software wallets hardware wallets and paper wallets let's talk about these subtypes brieflySoftware wallets most of the wallets are connected to the web and so far under the hot wallet category there are three main types of software wallets web wallets which are accessed through a browser and do not require a desktop app for operation desktop wallets which require you toDownload an application onto your system for the storage of your crypto keys and mobile wallets which are the mobile phone version of desktop wallets side note if you're enjoying the video make sure to drop a like and subscribe to the channel for more amazing content now let's get back to itAnother type of wallet is hardware wallet which stores your crypto key on a physical device rather than a software operating with the same concept as a flash drive you can connect them to your computer through a usb device and you create a seed phrase to access your data if you lose your deviceYour private key never leaves your device and so the security of your data is guaranteed although they are a more expensive alternative the investment is absolutely worth it especially for long-term holders of crypto or investors with large sums of crypto paper wallets lastly we have the paper wallets theLeast common and the least recommended of the three options this is a paper document that contains all of the data needed to access your crypto this wallet type places your funds in a very vulnerable state as losing the paper would mean losing all access to your crypto the cumbersomeProcess involved in sending partial funds with paper wallets is another downside and that's all about the different types of crypto wallets available for storing your crypto a hybrid of both hot and cold wallets is always an easy way out take your time to explore all available options and choose what works best forYou don't forget to give this video a thumbs up and subscribe to this channel for more updates until our next video keep your crypto safe