Hot Wallet
A crypto wallet connected to the internet, offering convenience but less security than cold storage.
beginner
security
Explained Simply
Hot wallets are software wallets that run as browser extensions, mobile apps, or desktop programs. They're always connected to the internet, making them convenient for daily transactions and DeFi interactions. Examples include MetaMask, Phantom, and Rabby. The trade-off is security — hot wallets are more vulnerable to hacking, phishing, and malware. Keep only the amount you actively use in hot wallets.
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This content is for educational purposes only and does not constitute financial, tax, or legal advice. Always consult a qualified professional for advice specific to your situation.