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Cold Wallet vs. Hot Wallet: Where Is Crypto Stored?go to your wallet, search for the crypto and click deposit or receive to copy deposit address � sign in to the exchange, go to your spot account. As with most exchanges, funds sent to deposit addresses are moved to cold storage and hot wallets. Withdrawals are handled by the hot wallet and not the deposit. Wallets and exchanges are the two primary methods for keeping cryptocurrency assets which crypto traders should take into account.
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