Hot Wallet
Online wallet connected to internet
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Private Key
Cryptographic key that controls access to digital assets
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Public Address
Receiving address for digital asset payments
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Wallet
Tool used to store and manage digital assets custodial or non custodial
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Cold Storage
Offline storage of digital assets
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Custodial vs Non Custodial Processing
Whether processor takes possession of funds
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Custody
Control and safekeeping of digital assets via private keys
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Wallet
Tool used to store and manage digital assets custodial or non custodial
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Private Key
Cryptographic key that controls access to digital assets
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Public Address
Receiving address for digital asset payments