RE: $Bitcoin is Going to the Moon This Weekend - But Not for the Reason You Think by belerophon

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· @belerophon ·
https://99bitcoins.com/jaxx-wallet-review-bitcoin/
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@clemdane ·
Thanks! 
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@clemdane ·
Hey, what is a hot wallet vs a cold wallet? 
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@belerophon ·
A "hot wallet" is an account controlled by a computer program that holds the keys. It can make transactions in real time, but if a hacker gains access to the computer on which the program is running, he can steal the keys, and therefore the balance.

A "cold wallet" is an account for which the private key is stored offline, either on paper, in the brain of a person, or on a device like a Trezor.  Since the private key is not online, it is theoretically impossible to hack a cold wallet.
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@clemdane ·
Thank you! 
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