Friends, this is a concept you really need to understand: cold wallets and hot wallets!
Large trading platforms usually manage users’ assets in two categories: hot wallets and cold wallets. Withdrawals are generally sent from hot wallets.
Cold wallets mainly protect against remote theft; they can’t protect you from signing a problematic 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.
Save this and take your time reading it 👇
Large trading platforms usually manage users’ assets in two categories: hot wallets and cold wallets. Withdrawals are generally sent from hot wallets.
Cold wallets mainly protect against remote theft; they can’t protect you from signing a problematic 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.
Save this and take your time reading it 👇