🔥Hot Wallet
A hot wallet is a cryptocurrency wallet that is always connected to the internet, allowing users to store, send, and receive digital assets quickly.
Key Features of Hot Wallets
Instant Access – Easily manage crypto holdings on web, mobile, or desktop apps.
Convenient Transactions – Ideal for frequent trading and interacting with decentralized apps (dApps).
Private & Public Keys – Stores private keys online, making transactions seamless but slightly more vulnerable to hacks.
Types of Hot Wallets
Exchange-Based Wallets – Custodial wallets provided by platforms like Binance or Coinbase.
Software Wallets – Non-custodial wallets like MetaMask, Trust Wallet, and Phantom, where users control their private keys.
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