Is Phantom a hot or cold wallet?
Excuse me, I'm trying to understand the basic characteristics of Phantom. Could you please clarify whether Phantom is classified as a hot wallet or a cold wallet? I'm trying to assess its security features and understand how it differs from other wallet options. Could you elaborate on the pros and cons of each type, and how Phantom fits into this classification? Thank you for your assistance in this matter.
Is Bitbuy a hot wallet?
I've been hearing a lot about Bitbuy recently, and I'm trying to understand its features better. Could you clarify for me if Bitbuy qualifies as a hot wallet? I've read that hot wallets are typically software-based and provide easy access to cryptocurrencies, but I'm not entirely sure if that applies to Bitbuy. Given its popularity and the convenience it seems to offer, I'm wondering if it's similar to other hot wallet solutions out there. Could you please elaborate on this?
Is a hot wallet safer than an exchange?
Hello, I'm new to the crypto world and I've been hearing about hot wallets and exchanges. I'm a bit confused about which one is safer to store my cryptocurrencies. Could you please help me understand the difference between the two and which one is safer?