The Sweat Wallet is a hot wallet. In general, a hot wallet is a digital safe place where you can receive, send, and store cryptocurrencies or tokens. Different hot wallets have different functionalities, such as exchanging one currency/token for another, withdrawals, staking, liquidity provision and more. For details and definitions of these functions, visit our SWEAT specific FAQ.
A cold wallet, sometimes referred to as “cold storage”, has very little in common with a hot wallet. It is a physical object, often resembling a USB memory stick, that holds your cryptocurrency safely offline.