Asked by Sapna Rathod on Jul 05, 2024
Verified
Hot wallets are much safer than cold wallets.
Hot Wallets
Cryptocurrency wallets that are connected to the internet, facilitating easier transactions but also exposing them to greater security risks compared to cold wallets.
Cold Wallets
A secure offline wallet used for storing cryptocurrencies, offering protection from hacking or other electronic failures.
- Understand the concept of digital currency and its storage mechanisms.
Verified Answer
AH
allison hawkinsJul 08, 2024
Final Answer :
False
Explanation :
Cold wallets, being offline storage, are less vulnerable to hacking and online threats compared to hot wallets, which are connected to the internet.
Learning Objectives
- Understand the concept of digital currency and its storage mechanisms.