
Steel wallets are interesting because they can act as both a "Paper wallet" or as a backup for any kind of bitcoin wallet in case yours is lost, stolen, or destroyed. Almost any crypto holder can benefit from one of these steel wallets regardless of how they choose to store their coins. The phrase "Hot wallet" refers to any bitcoin wallet that requires the internet to function properly. Hot wallets derive their name from the fact that they need electricity to work. All of this begs the question, however, of how many different types of bitcoin wallets there actually are. In other words, you can think of your bitcoin wallet as your personal bitcoin mailing address. Google authenticator — an app that resides on your mobile device and...