A hot wallet is a crypto wallet whose private keys are hosted on the internet. For example, a browser extension like Metamask or a smartphone application are examples of hot wallets. A hot wallet allows for fast signing and sending of transactions. However, because hot wallets are connected to the internet, they are typically seen as less safe than cold wallets.
What is a “hot” wallet?
Written by Gal Eldar
Updated over a week ago
Updated over a week ago