Cryptocurrency Wallets. Cold or Hot? 🔥 🧊
Do you know where you store your cryptos? There are two main types of 'wallets' and understanding the difference is key to your security:
1. Hot Wallets (Hot Wallets) 🔥
What are they? They are wallets connected to the internet. Think of them as your everyday wallet.
What are they for? For fast transactions, trading, or interacting with decentralized applications (dApps). They are super convenient.
Examples: Those you have on exchanges (Binance, Coinbase), apps on your phone (Trust Wallet, MetaMask), or programs on your computer (Exodus).
