๐ What is the difference between a Hot Wallet and a Cold Wallet?
๐ง
When you buy crypto, the most important question you face is: Where do you securely store these currencies?
Here lies the difference between:
๐ฅ Hot Wallet
โ Connected to the internet
โ Easy and fast to use
โ Suitable for daily trading
Examples:
๐ฑ Mobile apps โ Exchange wallets (like Binance Wallet)
โ๏ธ Cold Wallet
โ Not connected to the internet
โ Very secure โ Protects you from hacking
โ Suitable for storing large amounts for long periods
Examples:
๐ Ledger โ Trezor โ A paper containing your private keys (Paper Wallet)
๐ฌ Summary:
โช If you are trading dailyโฆ use a Hot Wallet
โช If you want high securityโฆ store in a Cold Wallet
#ู ุญูุธุฉ_ุฑูู ูุฉ #ุชุนูู _ุงููุฑูุจุชู #CUDISBinanceTGE #CryptoSecurity #EDGENLiveOnAlpha