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Terms starting with H

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Explain it like a bankFlips every card at once

Hardware wallet

also called cold wallet, cold storage
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A small physical device that keeps your keys offline and signs transactions without exposing them. Suited to savings you rarely touch, not to buying coffee.

Private keySelf-custodyHot wallet

Hardware wallet

What you already know this as

A safety deposit box. Excellent for the deeds to your house, inconvenient for bus fare.

Hot wallet

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A wallet on an internet-connected device. Convenient, and the right tool for money you actually spend, which is why the sensible pattern is a small hot balance and a cold store for the rest.

Hardware walletWalletSelf-custody

Hot wallet

What you already know this as

The cash in your pocket versus the money in your account. Nobody carries their savings in their wallet.

All 2 terms shown.