![]() ![]() The wallet supports more than 800 types of crypto assets, including popular stablecoins and the top 20 cryptocurrencies by market capitalization. If you’re looking for the right place to park Bitcoin, Ethereum and USD Coin (USDC) under one roof, this might be the wallet for you. ![]() Users can easily access from their wallet to buy and sell crypto. That’s an important feature for assuring your peace of mind and ensuring it’s a good place to park your non-fungible tokens ( NFTs).Ĭ is another leading crypto exchange, and the DeFi Wallet is dedicated to storing decentralized finance ( DeFi) crypto assets. ![]() Security takes center stage when it comes to crypto, so some hot wallets offer a form of repayment for stolen crypto. But a word of caution: If you have multiple wallets for the same crypto or token, you may have heightened security risks, since there are more touch points to reveal the keys to your crypto. That’s why some users look to place their crypto in cold storage as a long-term solution.Ĭompatibility between wallets helps if you’re looking to access additional features. But since hot wallets are hosted online, they are more vulnerable to hackers. Hot wallets make it easy to execute crypto transactions. With the correct key, you can decrypt (“unlock”) the wallet and access the stash of crypto. In cryptography, a key is an encrypted string of characters. Whichever you choose, the purpose of a wallet is to store the “keys” to your crypto. That means you can hold the same token or coin in both a cold and a hot wallet. They’re often available as a standalone product-a “software wallet”-or as a feature offered by a crypto exchange-a so-called “exchange wallet.”Ĭrypto investors may store the same coins in multiple wallets. Hot wallets are connected to the internet. ![]()
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