The best Litecoin Wallets in comparison
In the private customer segment, cold wallets can be purchased in the form of hardware wallets or created in the form of free paper wallets. The former are devices that are usually not much larger than a USB stick and can be used to manage Bitcoin and various Altcoins.
To help you understand the differences between the individual wallets, we would like to give you a brief introduction to the topic.
You should also know that can also be divided into various other subcategories. These types have in common that the “Private Keys” are stored on different media. The subcategories of hot wallets are:A private key is a randomly generated string that represents the ownership of the cryptocurrency and allows you to send Litecoin. Therefore the private key must never be passed on.
The difference between both types is the connection to the Internet. The security of cold wallets is therefore much safer than that of hot wallets. This is also the reason why large crypto investment companies and cryptocurrency exchanges store the majority of their customers’ money on cold wallets.
作者 : Jake Simmons