☄️Hot Wallet vs Cold Wallet Explained.
☄️A crypto wallet is where you store your cryptocurrency, but not all wallets are the same. The two main types are hot wallets and cold wallets:
☄️Hot Wallets: Connected to the internet, making them convenient for everyday use like sending or receiving crypto quickly. Examples include mobile apps or web wallets.
☄️Cold Wallets: Offline and more secure, ideal for long-term storage. Examples include hardware wallets or paper wallets.
☄️Key difference: hot wallets are easy to access but less secure, while cold wallets are safer but less convenient.
☄️In simple terms: use hot wallets for daily transactions and cold wallets for storing large amounts safely.
