Hybrid wallet is a type of digital currency storage system and a combination of hardware wallet (software wallet) and software (wallet stored on personal computers) and Internet wallet (web wallet or Internet wallet). Which is stored on a third party server). Much of your digital account information is stored on the wallet host’s server, except for one important detail. Your private key (code that identifies you and is unique to you) is stored only on your device. When you make a transaction, your private key is encrypted on the way to the exchange server. So no one understands your private key. This is a security feature, and because your private key has a password, only you know it. If you lose or forget your password, you will not be able to access your account and your account balance will be lost forever.
See the Wallets section for more information on digital currency storage.