Both hot and cold wallets allow you to store, send, and receive supported digital assets. While there are many types of wallets, these two categories are the most common:
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Hot Wallet:
A wallet that stays connected to the internet (such as mobile apps, desktop wallets, or web wallets). Because they’re online, they’re convenient but more vulnerable to hacks or malware.
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Cold Wallet:
A wallet that remains offline. Because it doesn’t stay connected to the internet, it carries far less risk of being compromised. Cold wallets can include hardware wallets, paper wallets, or any securely stored offline key setup.
Each type offers its own pros and cons, and the best choice depends on your personal balance between convenience and security.
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