RE: Steemit Crypto Academy Contest / S3W3 - The Wallets by @malikusman1. [#club100 and #burnsteem25]
They are like car fuel and are commonly referred to as crypto wallets. Without them the automobile cannot start.
WOW you’ve given a nice scenario about wallets and cryptocurrency. Without wallet there is noway cryptocurrency will run. Having assets without knowing where to keep is safe is a lost asset.
Anything related to technology can be hacked.
Yeah this is very true, so far as the project runs with internet access, it is prone to cyber attacks. Hackers will try any possible just to have what they want.
I never keep my cryptos in one place but in different places
This is a good point, in case where you suffer theft with one wallet, assets in the other wallets are safe and with time you can make up for the loss.
Guys, I prefer cold wallet because it doesn't have internet connection, which makes it more secure than hot wallet
Cold wallet is very safe and free from cyber attacks but as a trader who can you constantly manage your assets and market fluctuates every seconds.
Please find time to visit my post as well. Good luck..!!