Which wallet type is better: Cold or Hot? What is a major difference between a cold wallet and a hot wallet? What crypto wallet do you use?
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Which wallet type is better: Cold or Hot? What is a major difference between a cold wallet and a hot wallet? What crypto wallet do you use?
Cold wallet is an external drive on which you store your cryptocurrency. If you lose it or damage it, then you will lose your cryptocurrency. A hot wallet is an online crypto wallet. I like them more, although cryptocurrency storage is always associated with some risks. I use a hot wallet for ETH, here https://oldetherwallet.com/on this site you can find out more about it. I believe that this is very convenient when you have access to your wallet from any gadget. Also, hot wallets have a good level of security, especially those that don't store client keys on their servers.