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There are different types of wallets�cold or hot�and because hot wallets are always connected to the internet, they are vulnerable to crypto exchange hacks. Related Articles. Additionally, using wallets from a reputable company or exchange might offer a little extra security. Although there are numerous measures that can be put into place, the following tips are among the most recommended: Get a cold wallet � These store your Bitcoins offline on hardware which makes it much harder for hackers to target. A USB thumb drive with encryption can also work.