Wallets
Choosing the right wallet is the first step to using stablecoins. This guide will help you understand different types of wallets and choose the best option for your needs.
Wallet Types
Hot Wallets
Hot wallets are wallets connected to the internet, convenient and fast, suitable for daily use.
Advantages:
- ✅ Easy to use, quick access
- ✅ Support multiple features (DeFi, NFTs, etc.)
- ✅ Usually free
- ✅ Multi-chain support
Disadvantages:
- ⚠️ Relatively lower security
- ⚠️ Need to properly store private keys
Recommended Wallets:
MetaMask
- Type: Browser Extension / Mobile App
- Supported Networks: Ethereum, BSC, Polygon, Arbitrum, etc.
- Features: Most popular Ethereum wallet, supports DeFi applications
- Official: metamask.io
Trust Wallet
- Type: Mobile App
- Supported Networks: Multi-chain support
- Features: Multi-chain mobile wallet, supports various cryptocurrencies
- Official: trustwallet.com
Coinbase Wallet
- Type: Browser Extension / Mobile App
- Supported Networks: Ethereum, Polygon, etc.
- Features: Official Coinbase wallet, user-friendly interface
- Official: wallet.coinbase.com
Cold Wallets
Cold wallets are offline storage wallets with the highest security, suitable for storing large amounts of assets.
Advantages:
- ✅ Highest security
- ✅ Private keys stored offline
- ✅ Support large amounts of assets
Disadvantages:
- ⚠️ Relatively inconvenient to use
- ⚠️ Need to purchase hardware device
- ⚠️ Higher price
Recommended Wallets:
Ledger
- Type: Hardware Wallet
- Supported Networks: Ethereum, BSC, Polygon, etc.
- Features: One of the most popular hardware wallets, supports various cryptocurrencies
- Official: ledger.com
Trezor
- Type: Hardware Wallet
- Supported Networks: Ethereum, BSC, Polygon, etc.
- Features: Open-source hardware wallet, high security
- Official: trezor.io
Wallet Security Settings
1. Backup Recovery Phrase
- ✅ Use paper backup, don't screenshot or store in cloud
- ✅ Store in a safe place
- ✅ Never share with anyone
2. Set Strong Password
- ✅ Use complex password
- ✅ Enable two-factor authentication (2FA)
- ✅ Change password regularly
3. Verify Websites and Extensions
- ✅ Only download from official websites
- ✅ Check extension developer information
- ✅ Beware of phishing websites
4. Use Hardware Wallet for Large Amounts
- ✅ Use cold wallet for large amounts
- ✅ Use hot wallet for small amounts
- ✅ Diversify storage to reduce risk
Wallet Selection Recommendations
Beginners
- Recommended: MetaMask or Trust Wallet
- Reason: Easy to use, comprehensive features, free
Daily Use
- Recommended: MetaMask or Coinbase Wallet
- Reason: Supports DeFi, convenient to use
Large Amount Storage
- Recommended: Ledger or Trezor
- Reason: Highest security, suitable for long-term storage
DeFi Users
- Recommended: MetaMask + Hardware Wallet
- Reason: Hot wallet for trading, cold wallet for storage