What is the difference between a crypto wallet and a crypto vault?

Crypto wallets are designed for convenient transactions, while crypto vaults offer enhanced security for long-term storage of larger amounts.

Crypto wallets, whether hot (online) or cold (offline), are primarily designed for regular transactions and managing smaller amounts of cryptocurrency. They prioritize convenience and ease of use, allowing users to quickly send, receive and manage their assets. However, their constant connection to the internet or potential vulnerability to physical theft makes them more susceptible to hacking attempts and unauthorized access.

Crypto vaults, on the other hand, function as fortified digital safes, prioritizing security above all else. They employ multiple layers of protection, including offline storage, multisignature authentication, withdrawal delays and advanced encryption. This makes them significantly more resilient against hacking, phishing and other online threats. Crypto vaults are ideal for storing large amounts of cryptocurrency for the long term, as they offer enhanced security and peace of mind.