🔐 What is the difference between a Hot Wallet and a Cold Wallet?
🧠
When you buy crypto, the most important question you face is: Where do you securely store these currencies?
Here lies the difference between:
🔥 Hot Wallet
– Connected to the internet
– Easy and fast to use
– Suitable for daily trading
Examples:
📱 Mobile apps – Exchange wallets (like Binance Wallet)
❄️ Cold Wallet
– Not connected to the internet
– Very secure – Protects you from hacking
– Suitable for storing large amounts for long periods
Examples:
🔐 Ledger – Trezor – A paper containing your private keys (Paper Wallet)
💬 Summary:
▪ If you are trading daily… use a Hot Wallet
▪ If you want high security… store in a Cold Wallet
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