$USDC Hot Wallets vs Cold Wallets

A hot wallet is any cryptocurrency wallet that is connected to the Internet. These wallets are also known as software wallets, and it is any form of digital storage that you can access via a computer or phone. Since they are always connected to the Internet, this makes them more vulnerable to hacking and theft compared to cold wallets.

Cold wallets, also known as hardware wallets or cold storage, are completely opposite. Your private keys are stored in an environment that is not connected to the Internet. There are several options for cold wallets - from simple paper wallets to physical wallets with additional security features$BTC