1. Types of Wallets
Hot Wallets
- MetaMask — Described in this guide as the most popular browser wallet. Supports EVM chains.
- Phantom — Listed here as a Solana-specific wallet.
- Trust Wallet — Described as Binance's official multichain wallet.
- Rabby — An EVM wallet with enhanced security.
Cold Wallets
- Ledger Nano X/S+ — Described as the most popular hardware wallets.
- Trezor Model T — An open-source hardware wallet.
- Keystone — A wallet with air-gapped security.
2. Wallet Security Rules
🚨 Rules You Must Follow
1. Never store your seed phrase (12/24 words) online.
2. Write it on paper and keep it somewhere safe.
3. Never share it with anyone — Even official support will not ask for it.
4. Watch for fake websites — Always check the URL.
5. Keep large amounts in a hardware wallet.
3. Setting Up MetaMask
- Install the official MetaMask from the Chrome Web Store.
- Click Create a New Wallet.
- Write the 12-word seed phrase on paper.
- Set a password to finish.
4. Exchange Wallets vs. Personal Wallets
📊 Comparison
Exchanges (such as Upbit): Convenient and fast trading, but funds can be lost if the exchange is hacked or becomes insolvent.
Personal wallets: Managed only by you and described as secure, but recovery is impossible if the seed phrase is lost.
Recommendation: Use an exchange for trading and a hardware wallet for long-term holdings.