Do you know what the positive and negative differences between Cold Wallets and Hot Wallets are?
HERE I SHOW THEM TO YOU WELL SUMMARIZED
**Cold Wallets**
Positives:
- **High security:** Offline, resistant to hacks.
- **Total control:** You manage the private keys.
**Negatives:**
- **Less accessible:** Slow for frequent transactions.
- **Initial cost:** More expensive (hardware wallets).
NOW THEIR COUNTERPART:
**Hot Wallets**
Positives:
- **Accessibility:** Easy to use and fast for transactions.
- **Cost:** Cheap or free.
Negatives:
- **Less secure:** Vulnerable to online hacks.
- **Dependence:** Some do not give total control of the keys.
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Recommendation:
Use a cold wallet to store funds long-term and a hot wallet for daily transactions.
#NewsTrade #TradeLessons #wallets #LaunchpadWars #BinanceAlphaPoints
