Cryptocurrency | Choosing Cryptocurrency Hot Wallet or Cold Wallet, which one is good?


For crypto owners who are especially beginners, they certainly have questions about whether there is the safest storage place. Finding good storage is easy because we have to consider security, accessibility, and ease of use in a hot wallet or cold wallet.

A hot wallet is a cryptocurrency storage place that is connected to an online network. Use crypto users to use this type of wallet, because of the ease of use. For example, if you buy crypto on the stock, your crypto will be stored on the exchange.

This type is very suitable for users because of its use, but this type is easily hacked.


Protected by the wallet. In addition, if you save your crypto on the transfer market and the stock is bankrupt, your crypto is removed.

Cold Wallet, storage that is not connected to the internet or offline, this Cold wallet consists of hard drives that are not connected to internet devices or specifically storing cryptocurrency such as Ledger Nano. This type is widely used by the large exchange market, cold purses give you complete control of your crypto, provided no one else knows.

This type also has a risk if you lose your cold wallet or your private key, then you will lose your crypto forever.

For those of you who invest in short-term, trial and error, a hot wallet is the best choice, especially if you want to trade crypto in a short time. However, if you plan to invest in the long term, cold storage is a good solution for caution.


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Cryptocurrency | Choosing Cryptocurrency Hot Wallet or Cold Wallet, which one is good? Cryptocurrency | Choosing Cryptocurrency Hot Wallet or Cold Wallet, which one is good? Reviewed by sheffter on July 16, 2019 Rating: 5

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