Section · Glossary

Glossary

Short definitions for the terms that come up in custody, wallets, and on-chain transactions.

glossary

Cold Wallet

A cryptocurrency wallet that stores private keys offline, providing significantly higher security for long-term holdings.

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glossary

Hot Wallet

A cryptocurrency wallet connected to the internet. Simple to use but exposes private keys to online threats.

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glossary

Seed Phrase

A set of 12 or 24 words that serves as the master backup of a cryptocurrency wallet. Whoever holds the seed phrase controls the wallet.

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