Understanding Bitcoin Wallets: How Private Keys Work
bitcoin wallets don’t actually store coins; they store private keys. These keys prove ownership of blockchain addresses and authorize transactions, making secure key management essential.
What Is a Hot Wallet? Internet-Connected Bitcoin Wallet
A hot wallet is an internet-connected bitcoin wallet used for frequent transactions. It offers convenience and fast access but poses higher security risks than cold storage, requiring strong passwords and 2FA.
What Is a Cold Wallet? Offline Bitcoin Security
A cold wallet stores bitcoin offline, keeping private keys away from internet threats. It uses hardware devices, paper backups, or air-gapped systems to provide strong protection against hacks and theft.