# How to create a Wallet?

{% hint style="info" %}
Before using DeFi protocols or DEX, like 2HOT DAO you will need to have a Decentralized Wallet.
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## What is a wallet?

A cryptocurrency wallet is a software application or hardware device that allows users to securely store, manage, and transfer their cryptocurrencies such as Bitcoin, Ethereum, or other digital assets.

A crypto wallet typically stores private keys that are used to access the cryptocurrencies on the blockchain network. These private keys are required to authorize transactions and are unique to each wallet. A wallet also generates public addresses that can be shared with others to receive cryptocurrencies.

### Software vs Hardware wallets

A **software wallet** is a digital wallet that can be accessed through a desktop or mobile application, and it can be either hot or cold. A hot wallet is connected to the internet and allows for quick and easy access to cryptocurrencies, while a cold wallet is offline and provides a higher level of security.\
\
A **hardware wallet** is a physical device, similar to a USB stick, that stores the private keys offline, providing a more secure way to store cryptocurrencies. The device must be connected to a computer or mobile phone to access the wallet and authorize transactions.

### What wallet can I use?

To use 2HOT DAO you can use the following wallets:

* [**Trust Wallet** ](https://trustwallet.com/)
* [**MetaMask**](https://metamask.io/)
* [**Rainbow**](https://rainbow.me/)
* [**UniSwap wallet**](https://uniswap.org/)
* [**Ledger Live**](https://www.ledger.com/ledger-live)
* [**Atomic**](https://atomicwallet.io/)

{% hint style="info" %}
If your wallet is linked to a Ledger, don't forget to turn on "Blind signature" in the Ethereum ETH application options.   
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### Security basics 

If you're starting your journey in DeFi, here are some security guidelines that you should be aware of:

* Do not store your seed phrase online or on your computer. Write it down on a piece of paper and store it in a safe place.
* If your seed phrase is not stored in a professional storing facility but in your house, keep a copy in another place for worst-case scenarios (fires, floods, etc.). 
* Losing your seed will result in a loss of your wallet. No one will be able to access your wallet if you save your seed properly.
* Invest in [COLD WALLETS](https://coinmarketcap.com/alexandria/glossary/cold-wallet) as early as possible. Cold wallets (or hardware wallets) are physical wallets where your private keys are stored safely and never shared with anyone. This is the safest way to store your crypto tokens. 

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Be careful when using DeFi as there are malicious actors. Always make sure to use official links, never share information about yourself or your accounts with anyone, and do your own research before investing your money in something new. 
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