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Cryptocurrency: hot wallets against hardware wallets: What is safer?
The Crypto Currency World has exploded in the last decade, and Blockchain technology allows for Peer-to-Peer events without the need for brokers, such as banks. However, as with any digital properties, security and security are concerned about storing a computer or mobile device.
Two popular options for safe storage of cryptocurrencies are hot wallets and equipment equipment. Hot wallets are software that allows you to store and manage crypto currency on the network, while equipment is a physical equipment that is specially designed to protect private keys from unauthorized access.
In this article, we explore the differences between hot wallets and equipment between wallets, including their advantages and disadvantages, security features and the best practices for storage of encryption safety currency.
hot wallets
Hot wallets are software that allows you to store and control the cryptocurrency online. They are usually formed on a computer or mobile device through a web browser or application interface, allowing you to use your wallet, events and other information.
Some popular hot wallets are:
- Metamask
- Ledger Live
- Believe your wallet
A hot wallet uses professionals:
- Comfort: hot wallets are easily accessible online so you can do fast events.
- Small fees: Most hot wallets charge minimal fees or no events costs.
- Simple installation: Many hot wallets have simple installation processes.
Disadvantages of using a hot wallet:
- Safety risks: hot wallets can be sensitive to hacking and phishing attacks if your software is threatened or if you share your login information with others.
- Scalaxual problems: large transactions can pressure the underlying infrastructure, which can lead to scalable problems.
- Data loss: If a computer or device crashes, all information stored in a hot wallet can be lost.
Devices Balds
Cash on devices are physically devices specifically designed to protect private keys from unauthorized access. They usually require a seed statement or a return key to return to your cryptocurrency account if you lose or damage the device.
Some popular hardware wallets are:
- Pedger
- Vault
- Keepkey
Hardware to use your wallet:
- Safety: In practice, devices wallets are without any impact as they store private keys out of the net and a safe device.
- Privacy: You can return your cryptocurrency account even if you lose or damage the device.
- Scalability: Devices wallets do not require the Internet to work.
Use of hardware defects:
- Costs: The devices wallets are usually more expensive than hot wallets, especially the above models.
- Complexity: Equipment installation and use of wallets requires technical expertise.
- Limited accessibility: you may need to physically connect the device to your computer or mobile device.
What is safer?
In our opinion, wallet wallets are much safer than hot wallets. Although it is true that hot wallets can be sensitive to hacking and loss of data, they also provide great safety through their off -line recording. Equipment councils, in turn, store private keys directly to the device, which makes them almost not -inamation.
However, it is necessary to note that no equipment equipment is completely without risk. You should always take the fundamental funds to protect the hardware wallet, such as:
- Return of your seed phrase or a return button.
- Using strong passwords and implementation of two factors (2FA).
- Regularly copying the device and its content.
Best Practice for Safe Secret Currency Storage
Follow these best practices to ensure the safety of your cryptocurrency account:
1.