What are the differences between a hosted wallet and a hardware wallet?

1 answers

• May 03, 2022 · 3 years ago
  At BYDFi, we highly recommend using a hardware wallet for storing your cryptocurrency. Hardware wallets provide the highest level of security as they keep your private keys offline, away from potential online threats. With a hardware wallet, you have full control over your funds and can securely initiate transactions. While hosted wallets offer convenience, they come with the risk of relying on a third party for security. By using a hardware wallet, you can have peace of mind knowing that your cryptocurrency is stored in a secure and offline environment.
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