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    7 months, 1 week ago

    What is a ‘hot wallet’?
    A) A physical wallet for cash
    B) A digital wallet connected to the internet
    C) A type of cryptocurrency
    D) A banking service

    Answer: B) A digital wallet connected to the internet
    Explanation: A hot wallet is an online wallet that stores cryptocurrency and is connected to the internet.

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      scholareum
      replied 7 months, 1 week ago

      What is a ‘cold wallet’?
      A) A digital wallet connected to the internet
      B) A physical wallet for cash
      C) An offline wallet for storing cryptocurrency securely
      D) A type of cryptocurrency

      Answer: C) An offline wallet for storing cryptocurrency securely
      Explanation: A cold wallet is an offline wallet that provides enhanced security by keeping cryptocurrency away from online threats.

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