🔥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

1. Exchange-Based Wallets – Custodial wallets provided by platforms like Binance or Coinbase.

2. Software Wallets – Non-custodial wallets like MetaMask, Trust Wallet, and Phantom, where users control their private keys.