Hot wallet

A hot wallet is a type of digital wallet that is connected to the internet and can be accessed through web or mobile applications. It is specifically designed for easy and frequent access to cryptocurrencies to make transactions easily. Hot wallets are very convenient for day-to-day transactions but are also more vulnerable to cyberattacks as they are constantly connected to the internet. Therefore, it is not recommended to store large amounts of cryptocurrencies in hot wallets, and they should only be used to store a limited amount.