Combining hot and cold wallets balances convenience and security. Use a hot wallet (e.g., MetaMask, Coinbase Wallet) for daily transactions and small amounts, keeping it online for quick access. Store the majority of funds in a cold wallet (e.g., Ledger, Trezor) offline for long-term security. A new trend is using a dedicated offline phone as a cold wallet, connecting via Bluetooth only for transfers. Always enable two-factor authentication on hot wallets and back up cold wallet seed phrases securely. Regularly transfer only needed funds to the hot wallet to minimize risk.[](https://www.bitgo.com/resources/blog/cold-wallet-vs-hot-wallet/)