Understanding Crypto Wallets and Their Types - Hot and Cold

In this lesson, we explore the essentials of crypto wallets, breaking down the concept into simple terms. Think of public and private keys as your email address and password - one is for sharing, and the other is for secure access to your funds. We compare custodial wallets to bank services and non-custodial wallets to personal safes at home. You'll learn why having control over your private keys with non-custodial wallets puts you in charge of your crypto, much like safeguarding the combination to your personal safe.