Re: Hot vs Cold Wallet Cryptocurrency

Version 3

Last scraped

Edited on 07/05/2025, 06:28:30 UTC

Quote from: Y0gap4undra23 on April 30, 2025, 02:45:02 AM

I am a newbie here I have read it from above about hotwallet and coldwallet so, actually cold or hot is just a way to store seedphrase offline and online. And also it is not about how much btc is stored but how long we store it in the wallet.

Quote from: Y0gap4undra23 on April 30, 2025, 02:45:02 AM

I am a newbie here I have read it from above about hotwallet and coldwallet so, actually cold or hot is just a way to store seedphrase offline and online. And also it is not about how much btc is stored but how long we store it in the wallet.

I would focus on the means of transaction sighing rather than on SEED storage.

The core difference between the two lies in how transactions are signed i.e. either online or offline. Hot wallets sign transactions online which means the private keys are on device connected to Internet. Cold wallets sign transactions offline. The relevant device that keeps wallet with private keys never touch Internet. Thus, transactions are signed in isolation.

That said,^{if security is your concern}your seed phrase should never be generated and/or stored online.

Version 2

Edited on 30/04/2025, 06:58:27 UTC

Quote from: Y0gap4undra23 on April 30, 2025, 02:45:02 AM

I am a newbie here I have read it from above about hotwallet and coldwallet so, actually cold or hot is just a way to store seedphrase offline and online. And also it is not about how much btc is stored but how long we store it in the wallet.

Quote from: Y0gap4undra23 on April 30, 2025, 02:45:02 AM

I am a newbie here I have read it from above about hotwallet and coldwallet so, actually cold or hot is just a way to store seedphrase offline and online. And also it is not about how much btc is stored but how long we store it in the wallet.

I would focus on the means of transaction sighing rather than on SEED storage.

The core difference between the two lies in how transactions are signed i.e. either online or offline. Hot wallets sign transactions online which means the private keys are ~~stored~~ on device connected to Internet. Cold wallets sign transactions offline. The relevant device that keeps wallet with private keys never touch Internet. Thus, transactions are signed in isolation.

That said,^{if security is your concern}your seed phrase should never be stored online.

Version 1

Scraped on 30/04/2025, 06:33:14 UTC

Quote from: Y0gap4undra23 on April 30, 2025, 02:45:02 AM

I am a newbie here I have read it from above about hotwallet and coldwallet so, actually cold or hot is just a way to store seedphrase offline and online. And also it is not about how much btc is stored but how long we store it in the wallet.

Quote from: Y0gap4undra23 on April 30, 2025, 02:45:02 AM

I am a newbie here I have read it from above about hotwallet and coldwallet so, actually cold or hot is just a way to store seedphrase offline and online. And also it is not about how much btc is stored but how long we store it in the wallet.

I would focus on the means of transaction sighing rather than on SEED storage.

The core difference between the two lies in how transactions are signed i.e. either online or offline. Hot wallets sign transactions online which means the private keys are stored on device connected to Internet. Cold wallets sign transactions offline. The relevant device that keeps wallet with private keys never touch ~~internet~~ Internet. Thus, transactions are signed in isolation.

Original archived Re: Hot vs Cold Wallet Cryptocurrency

Scraped on 30/04/2025, 06:28:16 UTC

Quote from: Y0gap4undra23 on April 30, 2025, 02:45:02 AM

I am a newbie here I have read it from above about hotwallet and coldwallet so, actually cold or hot is just a way to store seedphrase offline and online. And also it is not about how much btc is stored but how long we store it in the wallet.

Quote from: Y0gap4undra23 on April 30, 2025, 02:45:02 AM

I am a newbie here I have read it from above about hotwallet and coldwallet so, actually cold or hot is just a way to store seedphrase offline and online. And also it is not about how much btc is stored but how long we store it in the wallet.

I would focus on the means of transaction sighing rather than on SEED storage.

The core difference between the two lies in how transactions are signed i.e. either online or offline. Hot wallets sign transactions online which means the private keys are stored on device connected to Internet. Cold wallets sign transactions offline. The relevant device that keeps wallet with private keys never touch internet. Thus transactions are signed in isolation.