Hot Wallet vs Cold Wallet: How to Store Crypto Safely
At $75,835 per Bitcoin, how you store your keys matters as much as which coin you bought. The short answer to hot wallet vs cold wallet: a hot wallet (software on a phone or computer that’s online) is for money you spend or trade, and a cold wallet (keys kept offline, usually on a hardware device) is for money you plan to hold. Most people end up using both and splitting funds by amount.