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Hot vs cold wallet

A hot wallet is connected to the internet, fast but more exposed. A cold wallet is offline (hardware), safer for long-term holding.

Category: Security

Where you see this on charliedesk

The secret code that controls your crypto. Whoever knows the private key owns the coins, so it is never shared.

12 or 24 words that restore an entire wallet. It is a backup of access; whoever gets it gets your crypto.

Evidence that an exchange actually holds its clients' assets. It raises trust and lowers the risk that the exchange is misusing customer funds.