Wallets are important because they give you asses to invest on crypto as some exchange apps do not have wallet in them such as binance or trustwallet.

Binance has a wallet call Binance exchange wallet, these wallets are sub divided into spot wallet, funding wallet, margin wallet and many other use for different purposes.

I have been using this wallet for a very long time and has confirmed that it is the best wallet that ever exist,t

Wow, then you really enjoyed using TrustWallet as you consider it to be the best in the world. There are a lot of wallets that provide strong security. Have you try using MetaMask wallet before?

Using two way factor authentication during transactions in our crypto wallets so as to make it more stronger and reliable.

I really like this security feature about the hot wallets, it give coordinates for every minute. If your are using it, then you have enter the coordinates even when your login in.

It store crypto for a very long time compare to hot wallet which can reduce your crypto if stayed for a very long time.

I have never heard or experienced this, how will your assets value reduce when using hot wallets. Maybe you will explain better.

Please find time to visit my post. Good luck..!!

https://steemit.com/hive-108451/@sadiqxylo/steemit-crypto-academy-contest-s3w3-the-wallets-by-sadiqxylo