and trade from their hot wallet without giving up custody of their coins. Although this is also possible with cold storage, it takes more time and is significantly less convenient to connect a cold wallet to exchanges.
Furthermore, hot storage is free and, therefore, a useful alternative for users that want to remain flexible with their coins. Cold storage requires the purchase of a cold wallet, which can be up to $200. It is also far easier to set up a hot wallet, and coins in hot storage can be accessed from anywhere. Furthermore, these wallets are not at risk of physical loss like a cold wallet would be.
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Justin Sun, Founder of Tron, Unstakes $30M ETH From Lido | CoinMarketCapCryptoNews: Founder of the Tron network, withdrew $29.7 million worth of Ethereum (ETH) from Lido Finance's liquid staking platform and sent the tokens to the Sun-backed crypto exchange, Huobi.
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