What is a wallet and where can I get one? – An instruction

In addition to the high level of user-friendliness, hot wallets do not offer the highest security standard that you can have when storing your coins. Because of the constant internet connection, hot wallets are always exposed to the risk of a hacker attack. To minimize the risk of a hack, users who want to keep coins for the long term should switch to a so-called cold wallet. Contrary to the hot wallet, this is not connected to the internet or only for a short time during the transaction of the coins held. Cold wallets can therefore hardly be hacked by third parties. They are similar to a USB stick or a memory card and are particularly suitable for crypto investors who want to buy Bitcoin, Ethereum and Co. and keep them for the long term – i.e. for investors who do not want to trade their coins regularly.