Hot wallet

A hot wallet is a type of cryptocurrency wallet that is constantly connected to the internet, allowing quick and convenient access to funds. It can be a mobile app, browser extension, desktop program, or an account on a cryptocurrency exchange. Popular hot wallets include MetaMask, Trust Wallet, and Coinbase Wallet.

The main advantage of hot wallets is their ease of use and instant transaction access. However, their continuous internet connection makes them more vulnerable to hacking, phishing, and other cybersecurity threats. Users should implement additional security measures, such as two-factor authentication (2FA) and avoid storing large amounts of cryptocurrency in hot wallets.