๐ Beyond tracking the money, this is something you should know: cold and hot wallets
A hot wallet is a wallet whose private keys are stored on an internet-connected device, such as a wallet app on your phone or a browser extension wallet.
Cold wallets mainly protect against online theft. They canโt stop you from signing a problematic transaction or granting a problematic authorization yourself.
Many people put the $BTC they plan to hold long term in a cold wallet, while keeping what they need for everyday use in a hot wallet.
If a โprojectโ promises returns that seem too good to be true, ask more questions about where the money comes from.
#BTC
This is not a recommendation to buy or sell in any form. You assume all risks.
A hot wallet is a wallet whose private keys are stored on an internet-connected device, such as a wallet app on your phone or a browser extension wallet.
Cold wallets mainly protect against online theft. They canโt stop you from signing a problematic transaction or granting a problematic authorization yourself.
Many people put the $BTC they plan to hold long term in a cold wallet, while keeping what they need for everyday use in a hot wallet.
If a โprojectโ promises returns that seem too good to be true, ask more questions about where the money comes from.
#BTC
This is not a recommendation to buy or sell in any form. You assume all risks.