What are Hot and Cold Crypto Wallets?

Using safes and banks is common practice to keep your cash secure. but how are you storing your cryptocurrency?

Just like a physical wallet can organize cash and credit cards by keeping them tucked in one place, crypto wallets do the same for your precious digital assets.

However, storing your crypto on exchanges can make them vulnerable to hacks and cyberattacks.

So if you want to have full control of your investment, you have two options: hot wallets and cold wallets.

What are they and which one is better for you?

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Angie Lau is editor-in-chief, CEO & founder of Forkast.News and host of ‘The Daily Forkast’. She is an award-winning veteran journalist, a respected thought leader in blockchain technology and a speaker at conferences around the world including the Forbes Summit, Binance Blockchain Week, Paris Blockchain Week Summit and the Asia Blockchain Summit.

Before founding Forkast in July 2018, Angie anchored Bloomberg TV’s flagship morning show “First Up with Angie Lau” broadcast globally into 350 million homes, offices and trading floors. Angie’s TED Talk “I Am Not Supposed to Be Here” is now a TED-Ed lesson for its global audience of 6.7 million followers.