Many people in crypto community keep all their crypto just in one soft wallet which is very risky, especially if you want to both store your crypto there and use wallet to buy and sell coins on some DEX.
Scammers and scams are almost everywhere im crypto space. By writing your wallet's adress on some site, getting phished by e-mail or connecting your wallet to shady exchange you risk potentialy losing your coins if you won't be cautious. If you are not 100% sure that what you do is safe probably better to not do it at all, if you really need, remember to NEVER connect your main wallet anywhere, never give anyone your seed phrase or anything like that. Want to trade, buy shitcoins or use wallet, just create new wallet or already have spare one. It is free, took like 5 minutes and require only writing seed phrase on piece of paper, nothing more. But potentialy it can save your crypto from getting lost.
Especially if you have huge portfolio divide it between few wallets, it is much safer than having just one. Ofc think about buying hard wallet, but it is story for different post, cause obviously for once you need to buy hard wallet, when soft wallets are free, easy to create and use and you can have unlimited amount of them.
Also blockchain is like open book, everyone can check how much coins you have in your wallet, what you possibly buy with your crypto etc. It is not any secret. Especially if someone can connect your wallet to your social media, which is not hard if you participate in eg airdrops or send & get crypto from people you know. At least one or two more wallets for those things is must have. Unless you want to risk your cyber security.
Creating new wallet is like less than 5 minutes. That is not much effort to make your coins much secure, especially if you are new investor and can't recognize all scams yet. If you are lazy or too afraid to menage multiple wallets those are not good excuses. If you will lose crypto you will regret that you had your all portfolio in one wallet, but then it will be to late. Not worth to ignore basic security that increase chance of keeping your crypto safe. And owning multiple wallets are good to maximalize profits too. If you stake crypto usually different wallets are offering best APY for different coins. Usually best to stake coin in it's native wallet, but ofc best to personally check best wallet for every coin you own.
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