Hot crypto wallet vs Cold crypto wallet

Hot Wallets :

1. A hot crypto wallet is one that is connected to the internet.
2. A hot wallet allows you to receive and send cryptocurrency.
3. A hot wallet stores your private keys on a server.
4. Hot wallets are typically used for smaller amounts of cryptocurrency.

Cold Wallets:

1. A cold crypto wallet is one that is not connected to the internet.
2. A cold wallet does not allow you to receive and send cryptocurrency.
3. A cold wallet stores them offline on a USB drive or paper device.
4. Cold wallets are typically used for larger amounts of cryptocurrency.

Originally Published at: Hot wallet Vs Cold Wallet