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Cold Wallets vs Hot Wallets: The Core Differences in Cryptocurrency Storage
In the world of cryptocurrency, wallets are used to store, send, and receive digital assets. They are mainly divided into cold wallets and hot wallets based on whether they are connected to the internet.
Cold Wallet: Offline storage, security first
Cold wallets refer to cryptocurrency storage methods that are not connected to the internet, typically including hardware wallets, paper wallets, and offline computers. Because they cannot be directly attacked by hackers, cold wallets are suitable for long-term storage of large assets, but require extra steps when used, such as connecting devices and manually confirming transactions.
Common types of cold wallets:
Hardware Wallets (e.g., Ledger, Trezor): Secure chip stores private keys, supports multiple cryptocurrencies.
Cold Wallet: Offline storage, security first
Cold wallets refer to cryptocurrency storage methods that are not connected to the internet, typically including hardware wallets, paper wallets, and offline computers. Because they cannot be directly attacked by hackers, cold wallets are suitable for long-term storage of large assets, but require extra steps when used, such as connecting devices and manually confirming transactions.
Common types of cold wallets:
Hardware Wallets (e.g., Ledger, Trezor): Secure chip stores private keys, supports multiple cryptocurrencies.
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