To keep your bitcoins and other cryptocurrencies secure, there are two basic types of wallets. There are two types of wallets: cold and humid. In this article, you’ll learn about the benefits and drawbacks of each wallet style so you can make an educated decision about which wallet to use.
Wallets that are hot
Hot wallets get their name from the fact that they are linked to the Internet, making it easier for hackers to break into and steal your valuable coins. Those free wallets at your favorite bitcoin exchange website, such as Coinbase or Kraken, and mobile app wallets are examples of hot wallets.
Desktop wallets are another type of hot wallet, particularly if they are installed on your computer.