How to integrate Cold Wallet in Cryptocurrency Exchange? - ICO App Factory What is the difference between a Hot Wallet & a Cold Wallet Storage? Hot Wallets are the ones that reside online connected to the other blockchains or is under an exchange. Unprotected Hot wallets are prone to attack and the exchange owner may lose access to the wallet or might lose the cryptocurrencies belonging to their users. In the recent times, even popular cryptocurrency wallets like Coinbase have been hacked.
Cold Wallets: Cold Wallets are physical hardware wallets that are are password protected, air gapped from the internet and the data is encrypted.All you have to do is transfer the cryptocurrencies to the cold wallet and they are safely stored and