Check out cryptocurrency and cold wallet related knowledge to help users solve problems online


Sallet One: About Bitcoin, you need to know these things

The rapid changes in the market have made more institutions and investors look forward to it, and there is a lively scene in the market. So how much do you know about Bitcoin? Sallet One answers for you.

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Analysis of the hardware wallet transmission scheme, which is the better choice?

At present, the mainstream hardware wallets on the market are divided into USB transmission, Bluetooth transmission, QR code transmission and NFC transmission. Considering security and operability, QR code transmission is a better solution.

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Sallet One: Compared with other currencies, what are the characteristics of cryptocurrencies?

Encrypted currency is a virtual currency based on a node network and digital encryption algorithm. It comes from a developed algorithm and is not subject to personal control. Compared with other currencies, cryptocurrency is decentralized, anonymously encrypted, and cannot be tampered with.

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Sallet One: What are the cold storage and hot storage of cryptocurrency?

Cryptocurrency hot storage is also a cryptocurrency hot wallet, which refers to online storage of cryptocurrency. Cold storage is to store encrypted currency offline, which is equivalent to storing encrypted currency in a safe that is not connected to the Internet.

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For long-term storage of large amounts of cryptocurrency, you still need a hardware wallet

It is usually recommended that people use hot wallets to store small amounts of cryptocurrency for frequent transactions. If you store large amounts of cryptocurrency for a long time, it is recommended to choose a hardware wallet that is not connected to the Internet and is completely open source.

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Sallet One: What should I do if I lose my hardware wallet? How to restore the wallet?

If the hardware wallet is lost, will the cryptocurrency be lost with it? If the hardware wallet is damaged, can the coins stored in it be retrieved? If the hardware wallet manufacturer goes bankrupt and runs away, can my hardware wallet still be used?

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Distinguish between hot and cold cryptocurrency wallets from a security perspective

Cold wallets are already the highest level of protection in the cryptocurrency field. There has not been any case of cold wallet theft or theft by cold wallet manufacturers. But as a user, it is safer to choose an open source, disconnected cold wallet.

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How to distinguish between a hot wallet and a cold wallet for digital currency? How to choose?

After the rapid development of digital currency, many investors have begun to come into contact with digital currency, but there are still many people who have doubts about digital currency wallets and do not know how to distinguish between hot wallets and cold wallets. Today, I will share with you some knowledge about digital currency wallets and how to choose a cold wallet.

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