Hot wallet
In short
A hot wallet is connected to the internet — as an app, browser extension or exchange account. Convenient for daily use and trading, but more exposed than offline solutions.
Rule of thumb: keep only what you actively move in a hot wallet. The rest belongs offline.
Are hot wallets unsafe?
Not inherently — but they are the prime target of phishing and malware. Keep balances small.
Related terms
Information, not investment advice. More of this? The newsletter.