Crypto Wallet Types Explained – 101 Blockchains

Cryptocurrency is a raging hot topic in any discussion related to technology today. You can use crypto wallets for storing and managing your cryptocurrencies, just like you use physical wallets for cash and credit/debit cards. However, crypto wallets do not actually store cryptocurrencies. On the contrary, they store and manage the private keys you need for accessing your crypto assets on a blockchain network. You can find two distinct categories of crypto wallets i.e. hot wallets and cold wallets. Both types of crypto wallets are different in terms of internet connectivity. Explore the details of hot and cold wallets along with their traits right now for understanding their significance for crypto.

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