When purchasing coins, you must choose the type of wallet where the coins will be deposited - a managed cold wallet or an external wallet.
Managed Cold Wallet:
A managed cold wallet is a wallet managed by Bits of Gold, where 100% of the coins are stored in a cold and disconnected manner from the network. The wallet is secure, protected, and backed by advanced technology by BitGo Trust, the leading and well-known custody service in the world.
You can easily access the wallet from any device using a username and password, and buy, hold, withdraw, and sell all types of coins we offer (the full list is available on the website).
The service of holding coins in the managed cold wallet is free of charge and suitable for everyone, especially for those who do not want to bear the weight of managing, operating, and securing an external wallet.
External Wallet:
An external wallet is a tool (an application, software, device, or deposit address belonging to another trading platform) that allows managing the digital coins stored in it. Each wallet has a public address, which needs to be provided when receiving coins to the wallet, and a private address (or addresses) that allows access to the coins in the wallet, which should never be disclosed to anyone.
When depositing coins into an external wallet, the operation and security of the coins are the sole responsibility of the user.