A cryptocurrency wallet is a system for storing cryptocurrency. There are two types of wallets: cold (offline) and hot (online). The difference is that cold (offline) wallets store digital coins offline, without internet access.
For example, on a special device or on a regular USB drive. Hot wallets are mainly used for storing small amounts or for everyday use.
Hot storage wallets include wallets for one specific currency (for example, GreenAddress) and multi-currency wallets (for example, Exodus), the distinctive feature of the latter is the ability to store different coins in one place.
Cold storage methods are highly secure, but they are not very convenient to use, so this method is mainly used by those who want to store large volumes of cryptocurrency in a safe place. The most popular hardware wallets include Trezor and Ladger.
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