RE: Steemit Crypto Academy Contest / S3W3 - The Wallets by @bolaji001
Hot wallet has the ability to accommodate a lot of cryptocurrencies and it won't be visible to the outside world.
Hot wallets can store any compatible asset or allow users to deposit assets by providing the require address for each asset. It has unlimited apace for storing all assets provided the address is present.
It all happened on that unforgettable weekend he had about $10,000 in that wallet and someone got to know the trust wallet keys,
Good to hear that you have never experienced theft issues with your wallet. But with that your friend, maybe it was those around him who got to know his keys and took his assets or he clicked on spam link that exposed his keys.
I will like to make use both wallets depending on what am saving inside the wallet, since each of them have what they are best used for.
That good, you can safe large amount of assets that you intern to keep for long term in your cold wallet as it provide strong security. You can also use the hot wallet to trade for little profit as it provides constant monitoring of assets.
Please find time to visit my post as well. Good luck..!!