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Providing access to our stories should not be construed as investment advice or a solicitation to buy or sell any security or product, or to engage in or refrain from engaging in any transaction by Forbes Advisor Australia. Tollo said experienced investors will often have multiple hot and cold wallets to cater for: Holding different kinds of tokens: As an example, she said the Metamask non-custodial wallet was a good beginner-friendly option but only supports ERC20 tokens tokens built on the Ethereum network. Custodial wallets like these have been the target of many attacks since users began using their services; exchanges have taken measures to harden their services, such as moving users' keys into enterprise-level cold storage so that they cannot be accessed. A cold storage wallet is a type of wallet not connected to the internet. The main difference between OpenDimes and other wallets is that OpenDime only has one address.
