I came across this point while reviewing, so I’m sharing it.
A cold wallet is a wallet whose private keys are generated and stored in an offline environment. A hardware wallet is a common example.
Cold wallets mainly protect against online 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, and keep what they need for everyday use in a hot wallet. Currently 80187.99.
If you learned something, leave a comment. If you’re still unsure, feel free to ask in the comments.
#BTC
Just a note, not investment advice.
A cold wallet is a wallet whose private keys are generated and stored in an offline environment. A hardware wallet is a common example.
Cold wallets mainly protect against online 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, and keep what they need for everyday use in a hot wallet. Currently 80187.99.
If you learned something, leave a comment. If you’re still unsure, feel free to ask in the comments.
#BTC
Just a note, not investment advice.
