- Hot wallet is always connected to the Internet, so the risk | forsage_official

- Hot wallet is always connected to the Internet, so the risk of losing your private keys is higher than in other types of wallets.

Why?

Internet = risk of being attacked
When you generate a key, most crypto wallets don't disable the Internet connection.
The wallet is created in a vulnerable OS (Windows, Android, iOS). Internet + bugs make hot crypto wallets dangerous for long-term using.

- Cold wallet is created on a device that doesn't have Internet access.

Cold wallet doesn't allow spy software to spy on the process of generating private keys and addresses.

Many long-term holders keep large amounts of crypto in such wallets

FORSAGE recommendations:

Generate cold wallets on a device that isn't connected to the Internet
The best option for generating wallets is Linux USB Live session
Don't store a lot of crypto on your phone, tablet, etc.

- The highest level of security is hardware wallets, such as TREZOR,Satochip, Digital Bitbox, OpenDime, etc.

You shouldn't trust Ledger and KeepKey because of cases of hacking.

Next post, we'll talk about commissions, online wallets, and private key generators

But more on that in our next issue!

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