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RE: Steemit Engagement Challenge S3W3||The Wallets||by @mateenfatima||#Burnsteem25

in SteemitCryptoAcademy3 years ago

Hot wallets can be used in the presence of internet. We can easily says them if we access internet all the time

Yeah that true, hot wallets are web based wallets and require internet access, that’s why is accessible anywhere at anytime.

The connection of internet is not necessary for the cold wallets. These wallets are mostly used to store the assets for long term.

Yeah that’s true, without internet we can access our cold wallets which makes it very secure to store our assets for long. We can’t use cold wallets for trading as we will constantly monitor the market for good entry positions.

It has quick accessibility of swap and exchange functionality or the TRX used told can be easily stake to gain more voting power on the torn network.

Yeah we can stake our TRX with TronLink and also vote for super representative.

So lucky I have never face any kind of scam or my wallets are never hacked.

Good to hear buddy, I have also not experienced any theft issue with my wallet. We should always try to keep our key safe and alway update to the latest version.

Please find time to visit my post as well. Good luck..!!

https://steemit.com/hive-108451/@sadiqxylo/steemit-crypto-academy-contest-s3w3-the-wallets-by-sadiqxylo

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Sure I will visit soon,Thanks for your visit and anaylasis of post.

 3 years ago 

You are welcome