hot_warm_cold_wallets
Differences
This shows you the differences between two versions of the page.
| Both sides previous revision Previous revision Next revision | Previous revision | ||
|
hot_warm_cold_wallets [2024/05/06 08:01] 114.119.156.225 old revision restored (2023/11/12 12:20) |
hot_warm_cold_wallets [2024/05/19 05:18] (current) 65.108.128.54 old revision restored (2023/02/12 08:42) |
||
|---|---|---|---|
| Line 1: | Line 1: | ||
| ===== Hot, Warm and Cold Wallets ===== | ===== Hot, Warm and Cold Wallets ===== | ||
| - | The categories of wallets are based on the security of your coins and if you hold the key or not. | + | The categories of wallets are based on the security of your coins and if you hold the key or not. These categories were, in part, created by [[https:// |
| In a **hot wallet**, also know as a custodial wallet, **the company that created the wallet holds your Bitcoin**. Some platforms only give you price exposure and don't neccessarly hold the asset. These platforms simply make you a promise they will give you the amount gained in USD when you decide to exit your position. Some platforms do hold the actual asset and will allow you to move that asset to your own non-custodial wallet. Examples of platforms that will allow you to move your Bitcoin are: | In a **hot wallet**, also know as a custodial wallet, **the company that created the wallet holds your Bitcoin**. Some platforms only give you price exposure and don't neccessarly hold the asset. These platforms simply make you a promise they will give you the amount gained in USD when you decide to exit your position. Some platforms do hold the actual asset and will allow you to move that asset to your own non-custodial wallet. Examples of platforms that will allow you to move your Bitcoin are: | ||
| Line 15: | Line 15: | ||
| * [[https:// | * [[https:// | ||
| - | In a **cold wallet**, **you have the keys and you are using a dedicated device to store them on**. Having a dedicated device makes it easier for the developer to secure the device as the attack surface for the device is very small. There are many to choose from but, below is a list of cold wallet examples: | + | In a **cold wallet**, **you have the keys and you are using a dedicated device to store them**. Having a dedicated device makes it easier for the developer to secure the device as the attack surface for the device is very small. There are many to choose from but, below is a list of cold wallet examples: |
| * [[https:// | * [[https:// | ||
| * [[https:// | * [[https:// | ||
| * [[https:// | * [[https:// | ||
| - | Special Note: An "Ice Cold Wallet" | + | Special Note: An "**Ice Cold Wallet**" is a paper wallet. Paper wallets are usually provided by Bitcoin ATMs. Because they are non-digital by nature the attack surface is zero. The down-side is they must be swept to another wallet to make your Bitcoin spendable. |
hot_warm_cold_wallets.1714982518.txt.gz ยท Last modified: 2024/05/06 08:01 by 114.119.156.225
Except where otherwise noted, content on this wiki is licensed under the following license: CC Attribution-Share Alike 4.0 International
