HanRiverWave
Mon Sep 16 2024
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7 answers
1670
Can IRS track cold wallet?
Could you please elaborate on whether the Internal Revenue Service (IRS) has the capability to track transactions made through cold wallets? As cryptocurrency becomes more prevalent, many investors are opting for cold storage as a secure method of keeping their digital assets safe. However, there are concerns that the IRS may still be able to trace these transactions for tax purposes. Is there any truth to this, and if so, how does the IRS go about tracking cold wallets?
Lorenzo
Mon Sep 16 2024
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0 answers
0
How to withdraw money from a cold wallet?
I don't understand this question. Could you please assist me in answering it?
AmyDavis
Fri Sep 13 2024
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5 answers
963
Is HashPack a cold wallet?
Excuse me, could you please clarify if HashPack is considered a cold wallet in the realm of cryptocurrency storage solutions? I'm trying to understand the security measures it offers in comparison to other wallet types, specifically those that are often referred to as 'cold wallets' due to their offline nature and heightened security features. Your insights would be greatly appreciated.
amelia_doe_explorer
Mon Sep 09 2024
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5 answers
1251
Can a cold wallet trade cryptocurrency?
Excuse me, could you please clarify something for me? I've heard about cold wallets being used to store cryptocurrency securely, but I'm not sure if they're capable of conducting trades as well. Do cold wallets have the functionality to directly buy, sell, or trade cryptocurrencies, or do they primarily serve as a secure storage solution? I'm interested in understanding the limitations and capabilities of cold wallets in this regard. Thank you in advance for your insight.
EtherWhale
Wed Sep 04 2024
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7 answers
1163
Is trust Wallet hot or cold?
Excuse me, but I'm a bit confused about the terminology here. Could you please clarify whether you're asking about whether Trust Wallet is a hot wallet or a cold wallet? In the cryptocurrency world, hot wallets are typically connected to the internet and are more convenient for frequent transactions, but they're also more vulnerable to cyber threats. On the other hand, cold wallets are offline and not connected to the internet, making them a more secure option for storing large amounts of cryptocurrency. So, which one is Trust Wallet?
