# Setting up your wallet

Wallets. 

Not that chunky piece of leather which used to hang out your bum pocket. The days of crumpled receipts and dirty coins are beyond us.

#### Welcome Cryptocurrency Wallet! 

The golden ticket to enter everything in Web3 - feel free to bring Grandpa Joe. Fair.xyz operates on the Ethereum network. To engage with our site, you will need to set up a cryptocurrency wallet (if you don't already have one).

![](/files/poa3Q30iT2r9KPTWJBqj)

#### What's the best wallet to have?

Just like a physical wallet, some brands are better than others. There are two type of wallets that you can use; hot and cold. 

A **hot** wallet is stored digitally, and is accessible with an internet connection. Whilst hot wallets provide quick transactions with little verification or user friction, they are exposed and prone to getting scammed, phished or hacked. 

A **cold** wallet is a physical item that holds all your funds offline. Having all your information stored offline means maximum security, and all only at the expense of some technical legwork. 

**Setting up a hot wallet**

* [MetaMask](https://metamask.io/faqs/)
* [Coinbase Wallet](https://www.coinbase.com/wallet/getting-started-extension)

**Cold wallets**

* [Ledger](https://shop.ledger.com/products/ledger-nano-x) 
* [Trezor](https://shop.trezor.io/product/trezor-one-white?h=676f6f676c652e636f6d)

If this is all a little confusing, here's a table with an overview of each.

<table><thead><tr><th align="center">Hot Wallet </th><th align="center">Cold Wallet</th><th data-hidden>DELETE</th></tr></thead><tbody><tr><td align="center">Online <strong>🖥</strong></td><td align="center">Offline <strong>🖫</strong></td><td></td></tr><tr><td align="center">Easily accessible <strong>📱</strong></td><td align="center">Requires device <strong>📵</strong></td><td></td></tr><tr><td align="center">Quick transactions <strong>⛓</strong></td><td align="center">Slower transactions<strong>🏃</strong></td><td></td></tr><tr><td align="center">Fear of hackers <strong>🔓</strong></td><td align="center">Tight security <strong>🔑</strong></td><td></td></tr></tbody></table>

We strongly recommend you acquire a **cold wallet** as the best way to hold all your blockchain assets, due to its enhanced safety.

#### Security advice

Security. We know no one enjoys doing this, but when your NFTs are sorting your pension, it's best to keep to the smartest practices.&#x20;

Here are some top hints from the team at Fair.xyz:

* Never ever ever ever give out your 12-24 word seed phrase or mnemonic, not even if someone from Fair.xyz support asks you for it. Keep your seed phrase or mnemonic offline and stored safely where only you can access it
* Use the most memorable yet complex passwords/pins you can for both your cold and hot wallets in case your physical devices ever fall into the wrong hands
* Try your best to avoid visiting sites without safety ticks
* Do not sign messages on your wallet from untrusted or suspicious websites
* If you're using a hot wallet, make sure you lock it on your browser when you're finished using it
* The more funds you're storing/accessing, the more you may look into using a VPN (virtual private network), this will make all your internet activity far safer.

#### **Congrats** :tada:

You're up and running - now get creating and get collecting!&#x20;


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.fair.xyz/nft-fundamentals/setting-up-your-wallet.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.