Where keys are held.
WHAT A WALLET IS
Software or hardware managing keys and constructing transactions.
WHAT IT DOES NOT HOLD
The assets, which exist on the ledger.
WHAT A HOT WALLET IS
One with keys on an internet-connected device.
WHAT IT SUITS
Small amounts, used frequently.
WHAT IT RISKS
Compromise of the device compromising the keys.
WHAT A COLD WALLET IS
One with keys never exposed to an internet-connected device.
WHAT A HARDWARE WALLET IS
A dedicated device holding keys, signing transactions internally.
WHY THAT IS SAFER
The key never leaves the device, even when used on a compromised computer.
WHAT IT STILL REQUIRES
Verifying the transaction on the device's own screen.
WHY THAT VERIFICATION MATTERS
Malware can display one destination on the computer and send another.
WHAT A PAPER WALLET IS
A key written or printed physically.
WHAT IT RISKS
Loss, damage, and unsafe generation.
WHAT A CUSTODIAL WALLET IS
One where a service holds the keys.
WHAT THAT MEANS
You have a claim against them, not direct control.
WHAT THE SAYING CAPTURES
Not your keys, not your assets.
