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Crypto WalletsThere are two main types of crypto wallets: software-based hot wallets and physical cold wallets. Read on to learn about the different types of cryptocurrency wallets, and which may be a best fit. Hot and Cold Wallets — What’s the Difference?Hot WalletsThe main difference between hot and cold wallets is whether they are connected to the Internet. Hot wallets are connected to the Internet, while cold wallets are kept offline. This means that funds stored in hot wallets are more accessible and, therefore, easier for hackers to gain access to.Examples of hot wallets include:Web-based walletsMobile walletsDesktop walletsIn hot wallets, private keys are stored and encry