Home » Blockchain and Cryptocurrency Explained » What is the key difference between “hot” and “cold” crypto storage? What is the key difference between “hot” and “cold” crypto storage? 7. Question 7 What is the key difference between “hot” and “cold” crypto storage? 1 / 1 point Hot storage is mostly accessible by online means. Cold storage is mostly offline. Hot storage is significantly safer than cold storage Hot storage utilizes storage clouds while cold storage uses hard drives Cold storage is significantly more convenient than hot storage Other Questions Of This Category There are now many crypto asset management service providers available. What does “managing” your crypto assets actually mean?How can one acquire some cryptocurrencies? Please select all that apply.What is the key feature of the subclass of stablecoins represented by TUSD and Digix Gold?Which of the following statements accurately describe the current state of the cryptocurrency market?We learned that many blockchains technical limitations that prevent transactions from settling in real time (for example, you must wait at least ten minutes---usually longer---for your Bitcoin…Despite being labeled as “decentralized”, the networks for many leading cryptocurrencies such as Bitcoin and Ethereum are ironically quite centralized. What does this mean? Please select all that…Say you just bought some cryptocurrency on an exchange such as Coinbase. What essentially did you just buy?Which of the following are NOT a contributing factor to the dramatic return movements of the cryptocurrency asset class?