there are asking What is Hot wallet And Cold wallet ?
To explain easily , hot wallet is the kind of account that's always connected online . example coinbase and wallet types used in exchanger like poloneix, bittrex, btc alpha etc.
Q:So then, how safe are hot wallets?
: The security of hot wallets is dependent upon the security habits of individuals and third parties. They are vulnerable to theft because they are constantly connected to the internet. As long as something is connected to the internet, it is vulnerable to attack. But keeping very small amounts of digital currency in hot wallets is fine because a hacker probably wont waste resources trying to gain access to small amounts of money.
And the COLD WALLET
These are wallets that can be used offline ,
such as hardware wallets, desktop wallets and wallets with a private key and seed that you can write or print .
Hardware wallets are safe because when you make a transaction, they ask you to confirm each one by pressing a button on the device. They are pretty much hacker-proof. At least Ive never heard of any being hacked before.
If you have more idea about wallets just comment here 👇👇👇 thank you .