✨✏️Comparison between hot wallets and cold wallets✨
With the following comparative chart, you will know the levels of crypto security and functionality of cold and hot wallets.
🔸📚Hot wallets
They require an internet connection.
They are more recommended for traders.
They are prone to cyber attacks.
They allow for quick buying and selling of cryptos.
🔸📚Cold wallets
They work without an internet connection.
Access to funds is only possible through hardware verification.
The risks of cyber attacks are minimal.
They are ideal for long-term investing and saving.