If you invest in cryptocurrencies, it is beneficial to store them in a wallet. This will help to protect your investment; however, knowing which wallet to choose can be somewhat confusing. For more basic information regarding what a cryptocurrency wallet is, and how it works, please see our other guides, where we go into more detail. For now, we will be focusing on what types of wallets are available to you, how they differ, and which one is right for you. Before we take a look at the different types of cryptocurrency wallets, and the advantages and disadvantages of them, we will just run through a few additional wallets, as background information, which will then help you when we come onto the different types of wallets available to you.
Cryptocurrency Wallet Categories Hot and Cold Wallets:
Quite simply, a hot or cold wallet refers to whether the wallet is connected to the internet or not. Hot wallets are connected to the internet, and because of this, poses more risks, and are seen
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