Wallet and security essentials: cold wallets and hot wallets
The difference between cold and hot wallets isn’t their form, but whether the private key has ever been exposed to an internet-connected environment.
Keep large amounts of assets in a cold wallet, and only keep a small amount of funds for everyday use in a hot wallet.
Many people put $BTC , which they plan to hold long-term, in a cold wallet, and leave what they need for everyday use in a hot wallet. Currently 75767.24.
Have you ever misunderstood this too?
#BTC
What I say may not be right, so don’t follow it blindly.
The difference between cold and hot wallets isn’t their form, but whether the private key has ever been exposed to an internet-connected environment.
Keep large amounts of assets in a cold wallet, and only keep a small amount of funds for everyday use in a hot wallet.
Many people put $BTC , which they plan to hold long-term, in a cold wallet, and leave what they need for everyday use in a hot wallet. Currently 75767.24.
Have you ever misunderstood this too?
#BTC
What I say may not be right, so don’t follow it blindly.
