What is a hot wallet vs a cold wallet? And what's the difference?

Both "Hot" & "Cold" wallets store, send and receive different types of supported digital rewards. There are other types of wallets, but hot and cold ones are the most well known.

• "Hot wallet" is a wallet that is always connected to the internet. 
• "Cold wallet" is a wallet that is not always connected to the internet and therefore stands a far lesser risk of being compromised. These wallets can also be referred to as offline wallets or hardware wallets. 

Education Disclaimer: The views expressed in this material do not necessarily reflect those of the Pioneer Development Group. The information provided is solely for educational purposes and should not be considered as financial advice. We strongly encourage individuals to conduct their own research and exercise independent judgment before making any financial decisions. PDG holds no responsibility for any actions taken based on the information provided.