Hey, guys! Today we are going to continue series of materials dedicated to crypto wallets. From these articles you will learn:
🔥Today we have hot wallets. Let’s see how really hot they are.
These wallets are the easiest to use. They are served by various online services. And they are called hot because you can use money anywhere and from any device. You only need an Internet connection. To make a hot wallet, just register on the service website or install a special program. After you can manage your digital savings through the interface.
Hot wallets are very convenient, but when using them, you trust all the money on your account to the online service. For example, exchanges offer customers hot wallets for every digital currency they trade. But the recent experience shows that it’s not very reasonable to store a lot of money in such wallets. Exchangers for hackers are like a red rag for a bull. Some specialized hot wallet services do not trade in digital currencies and pay more attention to security, but still, working with them is based solely on trust.
Some hot wallet services allow you to see the keys and keep it them somewhere else, while others do not. In the second case, if something happens to the service, you will have to say goodbye to your hard-earned money. And in the first case, you can always switch to another wallet. Hot wallets are good for keeping small amounts of money which you plan to spend.
One more time. Why do you need a hot wallet? If you want to manage a small amount of money, do quick transfers, etc., it will be good for you. If you want to store large amounts, then you will have to choose a different method.
And here examples of hot wallets are Electrum, Exodus, Jaxx, Mycelium. You can download it on laptop or mobile phone.
And you can simply register by downloading the key here:
https://www.myetherwallet.com/, https://blockchain.info/.
Why are we telling you this? Because we will release Vinci Wallet very soon. What it is? How to use it? Read our materials and you will not miss something important.
P.S. Vinci is not responsible for the third-party organizations activities. The review is based exclusively on external experts point of view.
