Hot storage is a wallet that is accessible online, eg, n wallet used by the "ban... | Hacker News

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		bitJericho on March 4, 2014 \| parent \| context \| favorite \| on: Flexcoin is shutting down Hot storage is a wallet that is accessible online, eg, n wallet used by the "bank" to transfer coins from their own account to a customer that wants to be paid out. A cold wallet is one where the keys are kept offline and not plugged into anything, eg, a printout, or a USB key.

slaxman on March 4, 2014 [–]

So, is keeping a majority of bitcoins (>98%) bitcoins in cold storage the only way to keep them safe?

infinii on March 4, 2014 | [–]

If they secured their servers (from hacking), they could theoretically leave everything in hot storage (although it's not necessary for normal operations as others have stated).

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