As shown by the recent Solana attack, it is clear that not all crypto wallets are created equal. To make sure your crypto is safe, you have to learn the difference between a hot wallet and a cold wallet. Here's what you need to know 👇
: A desktop and mobile software that connects to the Exodus decentralized exchange and supports over 150 cryptocurrenciesSome crypto exchanges, including Coinbase , Gemini and Binance, also offer wallets for seamless buying, trading and selling of cryptocurrency on their platforms.Because they are always connected to the internet, these platforms allow you to store and access your cryptocurrency easily and from anywhere.
Cold storage, on the other hand, holds a user’s private keys offline and therefore adds an extra layer of security from potential hacks. While a hardware wallet is not an absolute requirement to move your crypto into cold storage, the majority of people will opt for a hardware solution such as:
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