Study Notes | Cold Wallets and Hot Wallets
① If you import a hardware wallet’s recovery phrase into a phone or browser extension wallet, the private keys will be exposed on an internet-connected device, so that wallet can no longer be considered a cold wallet.
② Your coins are always recorded on the blockchain; what the wallet actually holds is the private key that controls your assets.
③ Don’t import your hardware wallet’s recovery phrase into a mobile wallet. Create a separate wallet for everyday use.
$BTC 82003 (+1.1%)
#BTC
① If you import a hardware wallet’s recovery phrase into a phone or browser extension wallet, the private keys will be exposed on an internet-connected device, so that wallet can no longer be considered a cold wallet.
② Your coins are always recorded on the blockchain; what the wallet actually holds is the private key that controls your assets.
③ Don’t import your hardware wallet’s recovery phrase into a mobile wallet. Create a separate wallet for everyday use.
$BTC 82003 (+1.1%)
#BTC