Hot wallet: definition and meaning
A hot wallet is connected to the internet, such as a mobile app or browser extension.
Why it matters
It is convenient for frequent use but more exposed to malware and phishing.
Related terms
- Cold wallet
A cold wallet keeps private keys offline, for example on a hardware device or paper backup… - Private key
A private key is the secret that proves ownership of crypto in a wallet. Whoever has it co…
Educational content only, not financial advice.