According to the storage method of private keys, Bitcoin wallets can be divided into cold wallets and hot wallets.
A cold wallet is a wallet where the network cannot access your private key. Cold wallets often rely on "cold" devices to ensure the security of Bitcoin private keys, such as computers that are not connected to the Internet, mobile phones, and small books with private key addresses written on them. Cold wallets avoid the risk of private keys being stolen by hackers, but may face physical security risks, such as computer loss and damage.
A hot wallet is a wallet that can be purchased on the Internet to access your private keys. Hot wallets tend to be in the form of online wallets. When using a hot wallet, it is best to set different passwords on different platforms and enable secondary authentication to ensure the safety of your assets.
Whether you use a cold wallet or a hot wallet, as long as others know your Bitcoin private key, they can transfer your Bitcoins. Remember, whoever holds the private key is the real owner of Bitcoin.
Cobo wallet has a unique hot and cold wallet separation system, and dynamic distribution protects your assets.
