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In today's crypto world, if you want to store your cryptocurrency, you can choose between a "hot" wallet, and a "cold" wallet. Hot wallets are connected to the internet and may be vulnerable to online attacks - which could result in stolen funds - but are faster and easier to trade and spend. Cold wallets aren't connected to the internet, so they are less convenient, though more secure. Either way a wallet app provides a comprehensive interface for managing and transacting digital currencies.
Due to their constant connectivity, hot wallets pose risks to their users, making them vulnerable to scams and hackers.
To withstand today's sophisticated attacks, developers and providers of wallet apps need to pursue a five-phase approach. Download our report and learn how to progress through these steps so that development teams can gain the maturity required to most effectively secure their apps.
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