In my opinion, we should split btc into two examples. It's a hot wallet and cold wallet
Electronic money is traded and traded entirely online, so it is extremely important for depositors such as Bitcoin (BTC) or Ethereum (ETH) to invest in stocks, especially long-term investments. term. At present, there are quite a few ways that users can accomplish their purpose of safe Bitcoin storage.
First, you have to understand the two concepts of hot wallet and cold wallet are two different solutions on how to manage your assets
- Bitcoin Hot Stuff is a wallet address that users can use to spend money on any purchase, sale, transaction at any time, and you always have to connect your hot wallet to the internet to be able to Maintain connections to the Bitcoin network.
- Bitcoin Cold Storage is the opposite, you only use cold wallet when you do not intend to use electronic money to spend regularly, but you can still receive deposits from other people at any time. Cold storage has the advantage of having no direct connection to the internet, as it is used to keep Bitcoin offline. Once there is no connection between the wallet and the internet, hackers can not steal money from your wallet.
Hope my post will help you in keeping btc safe
