🐋 Beyond the funds, here’s some other knowledge worth knowing: cold wallets and hot wallets
Cold wallets can also send transactions: the transaction is signed on the device first, then sent to the blockchain through an internet-connected device.
Cold wallets mainly protect against remote theft; they can’t protect you from signing a malicious transaction or authorization yourself.
Many people keep the $BTC they plan to hold long-term in a cold wallet, while leaving what they need for everyday use in a hot wallet.
If a “project” promises unbelievably high returns, ask where those returns come from.
The above is compiled from publicly available information. Refer to the original text.
Cold wallets can also send transactions: the transaction is signed on the device first, then sent to the blockchain through an internet-connected device.
Cold wallets mainly protect against remote theft; they can’t protect you from signing a malicious transaction or authorization yourself.
Many people keep the $BTC they plan to hold long-term in a cold wallet, while leaving what they need for everyday use in a hot wallet.
If a “project” promises unbelievably high returns, ask where those returns come from.
The above is compiled from publicly available information. Refer to the original text.