Choosing the right wallet can feel overwhelming — especially with so many types available. Each wallet comes with its own trade-offs between security, convenience, and control. This guide compares the most popular wallet types at a glance, so you can decide what best fits your needs.
The table below summarizes key differences and use cases — whether you're a crypto beginner, an active trader, or looking for maximum long-term security.
Wallet Type Comparison
| Wallet Type | Connection | Key Control | Custody Model | Security Level | Best For |
|---|---|---|---|---|---|
| Hot Wallet | Online | You or Provider | Custodial / Non-Custodial | Medium | Daily use, fast access, active trading |
| Cold Wallet | Offline | You | Non-Custodial | High | Long-term storage, offline safety |
| Custodial Wallet | Online or hybrid | Provider | Custodial | Medium | Beginners, convenience-focused users |
| Non-Custodial Wallet | Online / Offline | You | Non-Custodial | High | Security-conscious users, DeFi access |
| Segregated Custodial Wallet | Online or hybrid | Provider (assigned to you) | Custodial (segregated) | Very High | Institutions, regulated environments |
| Hardware Wallet (e.g., Ledger, Trezor) | Offline | You | Non-Custodial | Very High | Long-term protection, private custody |
Floin Insight
Our segregated wallet architecture delivers institutional-level security — now made accessible for private investors, too.
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