Type of Crytpo Wallet || 10% to @tron-fan-club
Today i will Discuss with you What is Crytpo Wallet.Crytpo Wallet is a very important issue for every crypto holder. I always try to share with everyone what I know everything about blockchain and crypto. So in its continuation today I will talk to you briefly about Crytpo Wallet. i Hope you like my today's post.
We keep our crypto assets in our crypto wallet. And we keep our private keys very safe to keep our assets safe. There are several types of crypto wallets. First of all, there are two types of crypto wallets. Hot Wallets and Cold Wallets.
Hot Wallets and Cold Wallets These two types of wallets include a few more types of wallets. I will give a picture below Hot Wallets and Cold Wallets under which are some types of wallets. This will help you to understand.
Type of Crypto Wallet
- Hot Wallets
- Cold Wallet
Hot Wallets
Hot Wallet is a type of wallet that is connected to the Internet in one way or another, which means you need to be connected to the Internet to use these wallets. You cannot use Hot Wallet without internet connection. In order to transfer any type of deposit, internet connection is required in case of Hot Wallet. Also Hot Wallet is much easier to use and less hassle to use. Hot Wallet is a little safer than Cold Wallet. Using Hot Wallet, you can fall prey to hacking at any time, as it is connected to the Internet. So somehow you can read about hacking.
Types of Hot Wallet
We already know that there are 3 types of Hot Wallet. At this stage I will briefly discuss them
Mobile Wallet
We often all use Android mobile. And the wallets we use after installing apps on a wallet on Android mobile are called mobile wallets.
Desktop Wallet
We can have it on our computer, desktop or laptop. The wallets that we use by installing an application there are basically called desktop wallets.
Web Wallet
The types of wallets that we use through our web browsers are basically called web wallets. The web wallets that we can control through this web browser.
Cold Wallets
Cold Wallets is a type of wallet that does not require a connection to the Internet in order to use the wallet. The private key of this wallet is stored offline, and this is why these wallets are much more secure. Because there is no possibility of online hacking. And if you use these wallets to transact using internet connection, you will not fall prey to any kind of hacking. Because the transactions that you will do to use this wallet, only those transactions will be completed. Internet connection will not be able to take the private key of Cold Wallet. So 100% safe Cold Wallet. In most cases, large investors use Cold Wallet, which is a very large type of investment. Because as a result of using this Cold Wallet, there is no possibility of losing your assets.
Type of Cold Wallets
We already know that there are 2 types of Cold Wallets. At this stage I will briefly discuss them
Paper Wallet
Physically one of the papers gives the wallet information (private key) i.e. a qr-code is printed on that paper and in order to make any transaction one has to scan and confirm that QR code. Only then is the transaction completed. Although they are rarely used, they are also very safe.
Hardware Wallet
It is the safest to use. This hardware wallet is the most secure of all wallets. It can never be hacked by any hacker. Those who have big investors use these hardware wallets. And no one will be able to take your private key when transacting through this wallet. As long as you have this device.
https://twitter.com/KawsarH67898725/status/1529394078932418560
Nice explanation about crypto wallet and type of crypto wallet. Good initiative. Thanks for sharing
Thank you for sharing this information.
Hope this is useful for many people.
Today you have taken an important article about Crytpo Wallet types. Among these, I am personally using Hot wallets but I wish to use a Hardware wallet soon. Thank you very much for such informative article.
The hardware wallet is the best wallet for long term holder, this is an offline wallet which is less vulnerable to attack
Thank you for this great information. Greetings
Great explained brother ✨
Lots of new information gained from your post 👌
Hot wallet and cold wallet 🤗
Really amazing 🙂