What Is A Hierarchical Deterministic HD XMR Wallet

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There are two main forms of wallets available for storing monero wallet (XMR): hot wallets and cold wallets. Hot wallets are attached to the net and therefore can be more easily accessed than cold wallets. Cold wallets, on the other hand, aren't connected to the internet and therefore offer more protection from hackers. It's important to take into account which type of wallet best fits your preferences before making a decision.