What is a crypto wallet?

A crypto wallet is used to store and protect digital assets. A hot wallet is connected to the internet. A cold wallet is not connected to the internet.

Cryptocurrency wallets are tools that are commonly used to store and protect digital assets. One of the most popular kinds of cryptocurrency wallets is called a hot wallet. The difference between a hot wallet and a cold wallet is that hot wallets are connected to the internet, while cold wallets are not.