About hot and cold wallets:
Exchanges typically manage their custodial assets in two separate groups: hot wallets and cold wallets. Most day-to-day withdrawals are paid from hot wallets.
Hot wallets are convenient, but the devices that hold their private keys are always connected to the internet, making the keys vulnerable to malware and phishing sites.
$BTC 80898.76(+1.12%)
Exchanges typically manage their custodial assets in two separate groups: hot wallets and cold wallets. Most day-to-day withdrawals are paid from hot wallets.
Hot wallets are convenient, but the devices that hold their private keys are always connected to the internet, making the keys vulnerable to malware and phishing sites.
$BTC 80898.76(+1.12%)