What is a Bitcoin Hot Wallet? What does Huobi and Bitcoin wallet mean

Hot wallets are explained in one sentence: that is, the Internet can access the location where you store your private keys, and this kind of wallet often appears in the form of ** wallets, trading platform wallets, etc. Hot wallets are much less secure than cold wallets.

Therefore, when using hot wallets, the scene is more open, and you also need to be more careful, especially pay attention to the following points:

1) The hot coins bought (earned) will be put into the "cold" palace in a timely and regular manner. Although the technical security of the exchange is tested, it is not perfect, and hacking is not impossible. Once the exchange is irreversibly shut down (running away) or encounters an accident, the coins that you mentioned to the "cold" wallet are safe and will not be implicated.

2) Set up multiple and complex passwords for secondary protection. When registering with third-party wallets, exchanges, mining pools, etc., it is best to use a different password. Having too many and too many complex passwords may cause memory problems, but for now it is a viable way to improve security.

Bitcoin wallet theft incidents are mostly caused by the trouble of not setting a password or too simple, if you are really afraid that you can't remember, use a "cold" device to record + backup.

Users who use Bitcoin hot wallets generally do not directly hold the private key of the Bitcoin wallet, and even if they hold the private key, they are also stored on the network. Therefore, it is at risk of being hacked and stolen. But correspondingly, because Bitcoin hot wallets are always connected to the network, they are able to provide users with Bitcoin deposits and withdrawals at a much faster rate.

Huobi is a bitcoin trading platform, and as of the end of 2016, Huobi has a cumulative turnover of 2,000 billion yuan.

Bitcoin is a virtual cryptocurrency in the form of P2P.

Bitcoin is different from all currencies, Bitcoin does not rely on a specific monetary institution to issue, it is based on a specific algorithm, through a large number of calculations, the Bitcoin economy uses a distributed database composed of many nodes in the entire P2P network to confirm and record all transaction behaviors, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature of P2P and the algorithm itself ensure that the value of the currency cannot be artificially manipulated by mass-producing bitcoins.

Huobi is a platform for trading digital currencies, when you register an account on the currency network, you can get a bitcoin wallet by trading bitcoins, and the bitcoins you trade within the ** will be stored in the wallet, of course, you can also withdraw the bitcoins in the wallet to your own bitcoin wallet, but you need to pay a certain fee.

A Bitcoin wallet is a type of currency that pays for online AIPs.

What is a Bitcoin wallet for?

Bitcoin is one of the cryptocurrencies, a peer-to-peer electronic cash system, and its underlying technology is the blockchain, which has been developed for ten years. No one would have thought that ten years ago, Bitcoin was only worth dollars, and now it is worth much more than that, so many people buy Bitcoin to invest.

Create your first Bitcoin wallet, fill in your email password, and you'll receive an email with a very long string. That string is your wallet address.