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  1. Home
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  3. /Hot Wallet
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cryptocurrency

Hot Wallet

A cryptocurrency wallet connected to the internet.

Definition

A cryptocurrency wallet connected to the internet. Exchange wallets and phone apps are hot wallets. They're convenient for frequent trading but riskier than cold storage because they're accessible to hackers.

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Learn More About Hot Wallet

GuideCrypto Wallets GuideBlogHot Wallet vs Cold Wallet: Which Is Safer for Your Crypto?

Related Terms

Cold Wallet

A cryptocurrency wallet that's not connected to the internet.

Wallet

Software or hardware that stores your cryptocurrency private keys and lets you send and receive tokens.

Address Poisoning

A scam where attackers send tiny transactions from addresses that look similar to ones you've interacted with, hoping you'll accidentally copy the wrong address from your transaction history.

AI x Crypto

The intersection of artificial intelligence and blockchain technology.

Airdrop

A marketing strategy where crypto projects distribute free tokens to wallet addresses.

Airdrop Farming

Strategically using protocols before they launch a token to qualify for free airdrops.

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