HOW TO STORE CRYPTOCURRENCY❓

▶ Once you have purchased cryptocurrency, you need to store it safely to protect it from hacks or theft. Usually, cryptocurrency is stored in crypto wallets, which are physical devices or online software used to store the private keys to your cryptocurrencies securely. Some exchanges provide wallet services, making it easy for you to store directly through the platform. However, not all exchanges or brokers automatically provide wallet services for you.

▶ There are different wallet providers to choose from. The terms “hot wallet” and “cold wallet” are used:

🅰 Hot wallet storage: "hot wallets" refer to crypto storage that uses online software to protect the private keys to your assets.

🅱 Cold wallet storage: Unlike hot wallets, cold wallets (also known as hardware wallets) rely on offline electronic devices to securely store your private keys.

Typically, cold wallets tend to charge fees, while hot wallets don't.
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