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What’s the difference between a hot wallet and a cold wallet?

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What’s the difference between a hot wallet and a cold wallet?

A hot wallet is a cryptocurrency wallet that’s connected to the internet, making it easier for users to make transactions. On the other hand, a cold wallet is not connected to the internet and is used for storing cryptocurrencies in a secure and offline environment. Finsai Crypto Exchange uses a combination of hot and cold wallets to balance security and convenience.