Using Paper Wallets

What are Paper Wallets? When storing Bitcoin and other cryptocurrencies, one can either use a hot wallet or a cold wallet. A hot wallet is one that is connected to the internet. They generate and store private keys and broadcast the signed transaction to the network. Cold wallets are ones that aren't connected to the... Continue Reading →

Are Cold Wallets Really Safe?

Cold storage is an offline wallet for personal storage of Bitcoins. The digital wallet is stored on a platform that isn't connected to the internet thus preventing cyber attacks or any such vulnerabilities. It is considered essential mainly due to its security precautions, especially when dealing with a large quantum of Bitcoins. The function of... Continue Reading →

Hot Wallets vs Cold Wallets

What are Hot Wallets and Cold Wallets? Hot wallets are those that are connected to the internet. They generate and store private keys and broadcast the signed transactions to the network. Some examples of Hot Wallets are softwares (exodus, electrum), apps (coinbase, bitpay), and web accounts (MyEthereumWallet) Cold wallets are not connected to the internet. Any... Continue Reading →

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