Crypto 101: The difference between hot and cold wallets

By news@appleinsider.com (Andrew Orr) There are different kinds of cryptocurrency wallets, and the four terms to keep in mind when purchasing one are hot, cold, custodial, and non-custodial. Here’s what they all mean.Bitcoin transfer on iPhoneA cryptocurrency wallet is an app or device used to access cryptocurrency coins and tokens. Unlike a traditional wallet, a crypto wallet does not store coins. Cryptocurrency stays on a blockchain and is accessed with a private key. …

Source:: Apple Insider